Instead of further driving prices through the roof, let's unleash entrepreneurs to take on the health care cartel.
Americans don't realize it, but they've entrusted their lives to a fundamentally broken hospital system that consumes a level of capital equal to South Korea's GDP, runs on deeply dysfunctional software, is responsible for tens of thousands of accidental deaths a year, and whose employees commit suicide at a rate twice that of the general public. This system, rooted in a bygone era, has failed to keep pace with changing times. As a result, hospitals across the country are closing, leaving rural and impoverished communities behind. A focus on government solutions such as Medicare-for-All misses the point. The health care system desperately needs innovation — not mere subsidies that delay the inevitable.
