We can add the health care industry to a long list of industries “helped” by government intervention. Of course, this usually comes after government regulates said industry to its knees, and just before it is about to breathe its last, it steps in and takes over.
Government created what is effectively an oligopoly. It set up the regulations that almost completely insulate this industry from the laws of supply and demand. It offers to help by adding another layer of insulation, and then wonders why it fails. It’s final solution: Nationalization.