Government Subsidies Drive Up Health Costs, Drive Out Private Capital
A simple graphic shows how government subsidies act on any given market. Not only does they drive out private capital, which by its nature is more competitive, but subsidies also drives up cost. It is important to remember that the competitive nature of private capital actually keeps costs down, as people naturally gravitate toward the best product for the best price. When governments subsidize markets with endless supplies of money, costs begin to rise as consumption becomes undervalued. The graphic below demonstrates this phenomenon well enough.
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