I think he'll want an explanation as to why/how
I'd like to see one too, preferably a real simple one
One I bet you wouldn't see in school or college regarding economics and finance
A few simple factors:
1. The government gave control of a fair number of things, such as how many slots are available at medical school, to the American Medical Association and one or two other private orgs. They've been deliberately throttling the amount of new doctors we get, which means there's a shortage.
2. The government, Federal and State, has been burying medical professionals in paperwork. This means less time to treat patients, more frustration, and more cost.
3. The same issue with frivolous lawsuits and lawsuits that pay out absurd sums in damages that plague so many areas. When a doctor is paying 5-6 figures in malpractice insurance a year, that's a cost that gets added directly to your bills.
4. Insurance. This one probably makes as much of a difference as the other three combined. There are multiple reasons that this is bad, but the long and short of it is as follows:
Insurance companies take your money to start with, then their entire business model is based on not giving it back. To ensure they keep it, they have armies of analysts, lawyers, and bureaucrats. In order to try to get it back, you just have yourself. Medical care providers have to fight that army to try to get your insurance company to actually
pay them, and have to hire an entire staff of professionals just to do that, which further adds to the costs.
To be fair to the government, there's a cultural mania about insurance; people have often
asked the government to get involved with that, but it doesn't change the fact that government
mandating you have health insurance is a whole 'nother level of messed up, beyond just 80-90% of Americans buying it voluntarily.