I believe it. My Dad died of cancer in June, 1965, after suffering from it for nine months. He had an operation in January, radiation treatment after the cancer proved inoperable, and spent the last month in the hospital. All this and he didn’t use up the $12,000 insurance policy he had. His private room in a good community hospital costs $20 a day. My mom and I only had to pay $300 to our doctor and part of that was for my grandmother who died about the same time.
What we need to do is absolutely DEMAND of our representatives that as outrageous as it seems, what we need is less, not more, government intervention in the health care system in order to provide more affordable and better quality health care to Americans. In other words, we need to restore it to what it was before they screwed it up in the first place.
It is simple ECON 101 to see that private market and public sector intervention cannot co-exist competitively.