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Turns out a profit motive is not the best system for everything in the world. Who would have guessed?
It would probably be fine if everyone agreed to play by the rules, but they dont, and the US is terrible at enforcing them (or specifically, chooses not too, and doesnt impose new laws to stop loopholing)
But the administrative bullshit, and the other potential problems are exactly why other countries went for universal healthcare 🤷♂️
I think it's more of a problem with over regulation. The U.S. healthcare system suffers from a lack of market freedom. While some may argue for more government intervention or even a single-payer system, many of the inefficiencies could be resolved by removing excessive regulation and encouraging more competition. A true free-market approach, with more choices and price transparency, could lower costs and improve care quality—something over-regulation has failed to achieve.
A capitalistic system will maximize for one thing and one thing only: Profit.
If anything else improves, such as service, cost, or wait times, it will only by as a byproduct of increasing profit. If there are easier, faster, or cheaper ways of increasing profit (such as cutting staff and having ~~customers~~ patients wait longer) then those will be done instead. The FDA exists because otherwise capitalistic companies will put customers health and lives in danger because it is more profitable to do so and pay out potential lawsuits than it is to make sure safety regulations are in place in the first place.
The only way to maximize something other the profit, such as customer service, is through regulation. That is why monopolies are illegal: if a customer doesn't have a choice you can charge them as much as you want, and take as long as you want, and perform as poorly as you want, and they still have to use your service because they have no other choice. When a ~~customer~~ patient needs to go to the hospital they don't have the luxury of "shopping around", they have a medical emergency and need help now. So without regulation a profit motivated hospital can charge whatever they want, especially considering nobody discusses prices before doing life saving operations.
"lack of market freedom" is not the reason 1 Tylenol pill at a hospital costs you $15.
"Excessive regulation" is not the reason patients are charged $40 for crying.
"Lack of competition" is not the reason asking for an itemized bill will save you money. “It’s estimated that about 60 percent of medical bills that are issued have errors” (I can't think of any other industry that would consider that acceptable.)
What specific regulations would you remove from hospitals, and how would the absence of those regulations directly help ~~customers~~ patients?
The US is last place in the linked article while having the most profit driven hospital system of the countries compared. Making it even more profit driven is not going to improve the thing ~~customers~~ patients need improved.