When two parties mutually agree on some deal they both feel satisfied and have incentives to make each other happy. When the government decides what is the "int

When two parties mutually agree on some deal they both feel satisfied and have incentives to make each other happy. When the government decides what is the "interest" of one party and steps in to "protect that interest", very likely it will end up pissing off one party which eventually loses interest in any kind of innovation. US has achieved the rare distinction of screwing up both the parties in case of healthcare. Indian government in reality has even more laws and nonsense but it is too incompetent to implement any of those laws. This mostly leaves the things in a Laissez-faire situation. Like it happens in any Laissez-faire situation the third parties see too many problems but the people who are actually affected are more than happy because they are a better judge of their situation. In my village in India, we have only 1 doctor. This doctor is a homeopathic doctor who even today charges Rs 10 ( $0.16) per visit. He spends less than 5 minutes per patient and his treatment is allopathic. He moved from a distant city to this village purely because homeopathic doctor giving allopathic medicine is illegal. Over last 30 odd years not only he has got rich but he is the most powerful person in the village. He is very good at his job, has saved countless lives, delivered babies, removed aching teeth and written countless death certificates. Yes, there have been cases of wrong diagnosis and side-effects too but overall he has lead to net positive benefit to the society in my village and hence is revered. Many proper doctors tried to setup their shop in my village and have failed purely because this doctor turned out to be better than them. In India, Indian Medical Council controls the total number of doctors in the country but for a bribe of around $2M you can easily get a license to start a medical school. Medical Schools make insane amount of money and thousands of poor people enter the hospital everyday where you can get away making mistakes because the choice before these poor people is "either get this treatment or die in your home".