Why America Has the Highest Healthcare Costs in the World

I view it as a self-inflating feedback loop. High costs are pushed to Insurance companies, who respond by increasing premiums. The similarly inflated costs of frivolous litigation need to be factored into a medical practitioner's cost of doing business.

Hospitals should not be for-profit institutions. The principles of free-market competition simply doesn't exist. If a person is seriously injured in a car accident, or suffers an emergency, the person is most often taken to the nearest hospital. And in some cases, there person is not conscious when brought there.

If the US doesn't work to bring health care costs back down to earth, we can expect Medicare costs to bankrupt the government budget as more and more of the population is retirement age. (Baby boomers are retiring.)