It’s not the ACA that’s expensive so much as it is the health care delivery system that underlies it. Insurance companies and hospitals at the top of the list. Both are profit-making institutions required by law to place profits for investors ahead of anything else. Hospitals nowadays spend a lot of money on beautification. Bright and shiny new buildings costing 10’s of millions of dollars. Adding fancy imaging equipment that functions to take business away from competing area hospitals. The capitalist approach misfunctions to allocate resources rationally according to the profit motive but irrationally in every other way.
Unseen i agree with you. Capitalism has a great many flaws in its actual application if not its theoretical. I have to assume that the government will have leverage to reduce health costs when it is the only insurer paying the bills.
We in the U.S. are addicted to capitalism and it’s killing us in the healthcare area. Prof. Richard Wolff explains why a capitalist system can’t prepare for emergencies like pandemics.
This reply was modified 7 months, 3 weeks ago by Unseen.