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Healthcare is expensive and frustrating; government involvement is a big driver

^{Published on 2024-12-10 06:20:37 - Fox Business}
 

• Americans' frustrations with the U.S. health insurance industry are on the rise, and the loads of regulations implemented through Obamacare are largely to blame, one expert says.

The article from Fox Business discusses how government involvement in healthcare significantly contributes to its high costs and frustrations. It highlights that while many factors like administrative costs, pharmaceutical pricing, and medical technology contribute to expensive healthcare, government regulations and policies play a crucial role. The piece points out that government interventions, such as Medicare and Medicaid, often lead to price controls, reduced competition, and increased bureaucracy, which in turn drive up costs. It also mentions that the Affordable Care Act (ACA) has introduced mandates and regulations that have further complicated the system. The article argues that these government-driven distortions prevent a free market from functioning efficiently, leading to higher costs and less innovation in healthcare delivery. Additionally, it suggests that reducing government involvement could potentially lower costs by allowing market forces to better dictate pricing and service delivery.

Read the Full Fox Business Article at:
[ https://www.foxbusiness.com/politics/healthcare-expensive-frustrating-government-involvement-big-driver ]

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