That's because there isn't normal competition in the health care industry. Insurance companies don't compete across borders and in the vast majority of cases they don't compete for the actual consumers business since the policy is chosen by an employer.
I see it as the opposite. Because health is so vital, it is even more imperative that we take full advantage of the benefits of competition and not impede it.
As you mentioned, competition provides lower costs and improved products. Someone profiting from curing your illness should be more palatable when you realize that the cure may not have been invented to begin with if someone wasn't well motivated to figure it out.





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