Let me just throw this out: Say health care globally goes private, which is to say the government controls costs and pays all medical expenses. All of a sudden the profit margin drops drastically and the smartest kids today don't really see a big future in medicine, instead they go into law, or engineering. Also, the pharmaceutical companies profit margin drops big time and every big investor bails on thier stock. There R&D budget tanks and new medicines to fight diseases are no longer researched unless financed by some government department set up to invent new medicine which is corrupt so new medicines are super slow to get to market. Hey, our health care today is great and free. 30 years from today, our kids are grown up and living with our medical technology. This is not a far fetched scenario. If you take the profit away from an industry the industry will eventually dry up.
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