Most importantly, in a free economy there is an incentive for health care providers to increase supply in light of increased demand. Not so with govt run system.
Not always.
The US medical system is a stranglehold that restricts supply of doctors in the economy under ‘quality’ considerations.
Ideally, in a genuinely ‘free’ mkt, a dozen hospitals and clinics would bloom in every county of every state and diagnosis costs would fall. The incentive would be use cheaper generic drugs rather than the expensive big pharma ones and so on.
Of course, the risks in such a system are considerable. Point being that if costs have to fall, then the patient ‘community’ so to say, needs to be willing to bear more of the risk.