See "Competition & Monopoly in Medical Care" by Frech https://www.amazon.com/Competition-Monopoly-Medical-Care-Fre...
Regulation is not always done in the best interests of the public. It's a blunt, and dangerous, weapon.
https://www.theatlantic.com/magazine/archive/2009/09/how-ame...
https://www.amazon.com/Competition-Monopoly-Medical-Care-Fre...
https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...
https://www.amazon.com/Competition-Monopoly-Medical-Care-Fre...
But the big government push into health care happened in the 60's.
Another big driver of American health care costs is the FDA:
https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...