Up until the government getting involved, the industry managed and people had coverage.
Actually that’s not entirely true, the cost curve went up with the popularization of insurance.
Its simply a product of perceptively unlimited supply having no constraint on demand. That is what health insurance is. That is why the debasement of health insurance with high deductibles has proven successful in better controlling costs.
The business plan to control health care costs will work for the same obvious reasons:
“Workers will bear more of their own medical costs as job coverage shifts to plans with higher deductibles, the amount you pay out of pocket each year before insurance kicks in. Traditional insurance will lose ground to high-deductible plans with tax-free accounts for routine expenses, to which employers can contribute.”