It is in medical providers best interest to raise prices.
Efficient markets need more competition, but in healthcare the market is fragmented and once a provider or insurance gets big enough it gets acquired by another leading to larger duopolies.
The government never should have let mutual insurance privatize. That was the tipping point that started this whole mess. Rather, there should be incentives for for-profit insurance to switch a mutual ownership model.
It is in medical providers best interest to raise prices.
Efficient markets need more competition, but in healthcare the market is fragmented and once a provider or insurance gets big enough it gets acquired by another leading to larger duopolies.