My father was one of the smartest people I have ever known. First, I will relate that after watching Ronald Reagan give his speech after the TV program sponsored by GE, my Dad commented: “Why can’t somebody like that be President?” The year was 1959! I remember it well. It made a big impression on me.
After spending 10 years selling insurance and real estate, my father stated that the medical system was broken. He pointed out that a system where one party pays a second party to provide services to a third party does not have proper “feedback”. This observation was sometime in the late 1970’s.
Since I am heaping praise on my father for being prescient, I should also point out that one of his favorite desserts was homemade yogurt on top of fruit, like peaches. He developed a taste for this in 1960! If only we had made a business of it! :)
Did your father have any ideas/theories about a medical insurance system with "proper feedback"?
And government giving tax incentives for employers to provide health insurance to employees instead of employees purchasing their own is the source of much of this. It has disconnected many of the consumers of health care from the actual costs.