The medical issue is under nearly the same situation. Karl Denninger writes extensively on it. As he points out, that industry is protected from providing price discovery and operating under market forces by exemptions from anti trust and collusion laws.
If the medical industry had to compete under the same rules as any other business, it would essentially cost little more than the inflation adjusted price for most everything today compared to what it was 50 years ago. You used to be able to pay for loads of procedures out of pocket for 80%+ people and not be broke, and now those same things would sink you if you weren’t “insured”.
If a market is screwed up, the first place to look for the cause is government...
Yes the whole medical mess started during WW2 with using medical “insurance” benefits to circumvent wage controls.
Once you separate the payer from the service, prices are guaranteed to inflate.