Medical care and health insurance costs in the United States have been increasing for several years now. If there were no third parties active in medical care today, do you think the costs would be lower? If medical malpractice insurance costs were lower, would that have an impact on these costs? Can you offer any suggestions to help lower both health insurance and medical costs (e.g., wellness care, alternative treatments, etc.)?

Reference:

Arnold, R. A., Arnold, D. R., & Arnold, D. H. (2023). Macroeconomics (14th ed.). Cengage Learning. ISBN-13: 978-0-357-72053-0