Medical tort reform alone would provide a substantial positive jolt to the economy
The first rule in medicine today is avoid a law suit
All action and activity stems from that premise
We have, to some degree, put the insurance companies in charge of medicine.
Some people have insurance, and some do not. The haves and have nots come into stark contrast when it comes to medical pricing. Insurance companies disallow charges dramatically. Then they pay part of the remaining charge. Those without insurance pay much more. The term “cost shifting” comes to mind.
What would life be like without government involvement in medicine? In general, I think it would be better, but I can’t give specifics. I suspect the insurance companies would have less clout and there would be less cost shifting to the uninsured.