Unfortunately, we've also tried the privatization approach that you are advocating and it has failed miserably.
Inequality is skyrocketing, many working people lack access to medical care or financial security, many people have no choice but to work jobs that mistreat & demean them, global warming is ravaging the world, etc.
Really? When? When has the government not put its thumb on the scale in thousands of different ways?
For example, someone downthread mentioned the ACA, as though before it was passed health care was "privatized" in the US. It was no such thing. Health care in the US has not been "privatized" at the very least since World War II, when the government prohibited private companies from competing for employees on wages and so the companies had to compete on benefits instead, with health insurance being the biggest benefit. Then the government started regulating the health care industry, and the whole mess evolved to what we have now.
To really find "privatized" health care in the US you have to to back to before WW II. What you will find is that, given the knowledge of the time, health care worked better in the US then. And even then it wasn't completely privatized: for example, the government still regulated the supply of doctors and other health care workers with licensing, which drives up costs and drives down accessibility to care.
Exactly, private insurance companies with millionaire executives are the most efficient way to handle a fundamental human need for our society. /s (this means sarcasm).
Nobody in their right mind should be defending the ACA imo, and nobody here has done so as far as I can tell. Your comment is a special kind of annoying. Multiple strawmen.
The ACA was overwhelmingly a landslide giveaway to private insurance corporations, who have used that taxpayer money to multiply their lobbying influence. The # of insured Americans has only increased a hair more than the total US population, while the cost of insurance and cost of healthcare services have greatly increased in the time since.It's a classic case of Democratic Party means testing and bureaucratization.
Inequality is skyrocketing, many working people lack access to medical care or financial security, many people have no choice but to work jobs that mistreat & demean them, global warming is ravaging the world, etc.