
As an econ major, the whole notion that capitalism makes our healthcare better because of patents incentivizing innovation is a joke. There’s no excuse for it at this point. Switching to a public system would have minimal impact because the increase in taxes disappears with the money saved on premiums. Insurance companies cannot deny coverage under the ACA so they spread risk with a large base of clients.
The ACA already showed that without mandatory insurance, most people would only get it when they become ill. As for innovation, just fucking look at the defense sector. Contracts would go so god damn crazy in the medical field compared to patents. The US government could put a contract for a cure for cancer and that shit would be found. We built the most dominant fighter jet in the world. After rumors of a Russian superjet, we created a new jet that beat 5 of the previous jets in field testing
yeah, im from a similar situation. I had back surgery for really severe scoliosis at 15, and though it was technically “elective”, my back was so bad that it severely limited my lung function and constricted my heart. without insurance we would be over $200k in the hole, and without surgery I would be too disabled for many jobs