Healthcare prices are not dictated by labor costs, but by how much the leeches who own everything are willing to charge people for it. For example, insulin is dirt cheap to make, yet billed at exorbitant amounts.

At least in the US, the ACA recalibrated how insurance companies get re-imbursed. Their margains are set as a percentage of the payment that goes to direct care. If the prices go up and their margin ratio is fixed, then it is in their best interest for charges to go as high as possible. Same as everyone else in the supply chain. Everyone is suddenly making money hand over fist and the insured can't say no to the premiums.

https://www.moneygeek.com/insurance/health/aca-medical-loss-...