The health industry is what's wrong with a captured market and few players. Every party is trying to extract maximum value for minimum input. That leads hospi

The health industry is what's wrong with a captured market and few players. Every party is trying to extract maximum value for minimum input. That leads hospitals to 1000x every treatment price so when insurance companies come to negotiate they can negotiate down to 100x. It causes hospitals to understaff because is cheaper to pay for legal staff to handle malpractice claims than it is to not work your nurses and doctors to death. It causes drug companies consolidate and then charge through the nose for drugs that cost them pennies to manufacturer (for example, penicillin or insulin) drugs that, everyone should be aware, all of the R&D and FDA approval has been done. The most expensive part of drug development is done. There are solutions. It's regulations. Hospitals regulated to minimal coverage. Drug/hospitals hit with anti price gouging regulations. Insurance companies hit with coverage regulations. That's all something doable and probably with enough political will to be done. An even better idea is simply nationalizing medicine, top to bottom. That's unlikely to happen, but would result in the biggest drop in healthcare costs.