What happens from an economic standpoint in a system run by corporations, but flushed with funds by the government (no cost containment, plus flush with cash under the belief that competition will drive down prices) is that the money causes businesses to go increasingly upscale and drive up their costs and they push for more and more procedures, and research and develop more and more. The same is happening with colleges. It would be interesting what would happen to colleges, and industry, if the government stopped with funding college education, and individuals could file bankruptcy to cancel their debts. Colleges would go under left and right, and industry would be forced to find out other ways to get a trained workforce.
The comment about "letting government have it's way" is a bit absurd. There isn't some sort of whimish dictator who does things for giggles. There are people in government who try to juggle a lot of factors, and the usual policy consists of what pops out of a pressure cooker at its weakest point in the system, that would offend the least amount of people.
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