It isn't exactly news that the industry maximizes profits.
The mere fact that you chose to write "Health care companies seek a profit because innovation takes capital investment, and the only way to build capital is to make a profit" is indicative of the problem. It's almost as if you can't imagine any other means of solving the problem.
I don't think you're alone either. In quantitative medical rankings, the US is 33rd in life expectancy and 34th in infant mortality (behind Cuba!) yet is #1 in per-capita spending.
46% of all bankruptcies circa 2007 were medically induced.
There were obvious problems with Warren's methodology. If I live in a system with excellent government healthcare, and I end up paralyzed, my family might still go through bankruptcy because they've lost their primary income.
The number is more like 1/4 than 1/2. 26% of bankruptcies have medical debts exceeding $1000. Obviously that includes someone owing $4000 to a dentist as well as someone owing $450,000 to an oncologist, so the real number is some portion of 26%.
There were obvious problems with Warren's methodology. If I live in a system with excellent government healthcare, and I end up paralyzed, my family might still go through bankruptcy because they've lost their primary income.
The number is more like 1/4 than 1/2. 26% of bankruptcies have medical debts exceeding $1000. Obviously that includes someone owing $4000 to a dentist as well as someone owing $450,000 to an oncologist, so the real number is some portion of 26%.