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by lotsofpulp 2347 days ago
The country also wants more supply of healthcare, at lower prices, while the supply of doctors remains constrained via the restriction on number of residency training spots each year. This is the root cause, insufficient supply in the face of demand, and it is manifesting itself in these various side effects.
1 comments

This is incorrect. There is no supply/demand relationship for pricing services. Doubling the number of trained physicians will not decrease healthcare costs, it will simply drive down physician annual income.

The main driver of inflated healthcare costs is administrative waste: hospital management, insurance management, government management.