In that case wouldn't the alternative be having no insurance at all? How would that help?
Edit: I'm taking "government mandated third party payer" to mean something like the ACA mandate. If you meant a government mandated monopoly, then yes that's a terrible idea
The economics associated with modern healthcare demand consolidation, which basically means local cartels or monopolies for hospitals and health networks.
Edit: I'm taking "government mandated third party payer" to mean something like the ACA mandate. If you meant a government mandated monopoly, then yes that's a terrible idea