In a recent article published last Friday, Joshua Holland writes about how the private sector is driving up healthcare costs because of three main aspects:
1. Competition- which he says drives up costs as apposed to government regulation in other countries, which lowers costs
2. Viewing Healthcare as a Commodity- setting prices is left up to the providers and the market, which he says leads to higher costs
3. Private companies drive up costs and trap consumers in jobs they don't prefer because of the risk of loosing health insurance
Although Josh makes some very good points, his article eludes to the fact that governmental healthcare is the solution. In many countries where the federal government controls the healthcare system, there are problems with patient access, receiving the latest medical technologies, and challenges with the medical education system that we don't have in the United States.
So, what are your thoughts? Will a governmental system work better than the private sector? Read Josh's article and let me know your thoughts.