"The problem is the existence of health insurance!"
No, the problem is GOVERNMENT INTERFERENCE.
Medicare and Medicaid spending accounts for approximately 50% of healthcare spending in the US; however, it pays less than 100% and, in many cases, is a loss to the healthcare provider. This requires cost-shifting, which means that, not only are the taxpayers paying for Medicare/Medicaid, they are also paying for the increases in healthcare and health insurance.
Government interference is also responsible for education inflation, in large part. Education has been increasing ever since the government got involved in the student loan business and I notice that the Left never complains about Big Ed. The schools can jack up tuition knowing that they will get their money. The government knows that it will get repaid (or the banks know when we are talking about private student loans) because school loans ARE NOT DISCHARGEABLE IN BANKRUPTCY.
If Big Ed cared about the students, it would lower prices or give more scholarships. Harvard has around $25 billion in its endowment fund. Most private schools have large endowment funds and could provide free education for all of their students for decades, but you'll notice that those Marxist administrators and professors never suggest that.
It is precisely because of government's interference in the market that healthcare and education inflation has skyrocketed.
Medicare and Medicaid spending accounts for approximately 50% of healthcare spending in the US; however, it pays less than 100% and, in many cases, is a loss to the healthcare provider. This requires cost-shifting, which means that, not only are the taxpayers paying for Medicare/Medicaid, they are also paying for the increases in healthcare and health insurance.
Government interference is also responsible for education inflation, in large part. Education has been increasing ever since the government got involved in the student loan business and I notice that the Left never complains about Big Ed. The schools can jack up tuition knowing that they will get their money. The government knows that it will get repaid (or the banks know when we are talking about private student loans) because school loans ARE NOT DISCHARGEABLE IN BANKRUPTCY.
If Big Ed cared about the students, it would lower prices or give more scholarships. Harvard has around $25 billion in its endowment fund. Most private schools have large endowment funds and could provide free education for all of their students for decades, but you'll notice that those Marxist administrators and professors never suggest that.
It is precisely because of government's interference in the market that healthcare and education inflation has skyrocketed.
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