Shift Government Focus From The Demand Side Of Medical Care To The Supply Of Medical Care To Lower Health Care Costs

My posted health care cost comment to John Cochrane's blog, The Grumpy Economist, "Health policy wonks and the preservation of human capital":

Shift the focus from the demand side of medical care, i.e., insurance, government subsidies (Medicare for all, Medicaid, Medicare, ACA), and price controls, to a focus on increasing the supply of medical care providers. Lower the barriers to entry for health care providers by lowering the licensing requirements and decreasing the years of education and training it takes to become an independent medical provider. Increasing the supply of medical providers until there is an oversupply will increase competition and productivity. Do the equivalent for hospitals and health facilities. Competition and productivity will remove low quality, high price inefficient providers from the marketplace and lower the costs of medical care. Lower medical care costs will lower insurance costs because insurance is just reimbursement for the cost of the use of medical care. As medical care and hospital costs decrease through productivity, insurance premiums will decline and more people will be able to afford health care. The high cost of medical care and medical insurance is a result of a limited supply of providers and low medical care productivity.