We're not going to solve it by constraining the supply of healthcare by regulating every aspect of it, and then subsidizing the demand.
This isn’t theoretical. Medicare already has been supporting the most frequent users of the system for decades. It’s a proven system with low overheads.
Yes there’s probably abuse but overall it has high satisfaction from its stakeholders.
When Medicare was created, medical care accounted for less than 7% of GDP. It's around 20% now[1]. If you extrapolate life expectancy from before Medicare to now, has that massive increase in spending changed the trajectory at all?
You see the same phenomenon in higher education: we subsidize demand through government-backed loans, and costs and administrative overhead skyrockets.
[1] https://www.healthsystemtracker.org/chart-collection/u-s-spe...