If price doesn’t set the level, the government does. That’s why a combination of private (price set) and government (rationed to indigents and subsidized for low income) is often the policy mix of choice.
Nearly a quarter of a million British patients have been waiting more than six months to receive planned medical treatment from the National Health Service, according to a recent report from the Royal College of Surgeons. More than 36,000 have been in treatment queues for nine months or more.
Forbes