Believe it or not the health care companies aren't the greedy ones. Their profit margin is 6%! (which is nothing if you know anything about corporate profits) Meanwhile, minimum-wage powered and dollar menu value fast food joints have a profit margin of 7.5%! To be honest I think the insurance companies are cutting down as much cost as they can for their clients while still being able to survive as a company.
Now, as for fixing this, I have a couple ideas that will cut a ton of the cost out. First, we have to regulate these frivolous lawsuits better. (TORT REFORM!) It's not necessarily the lawsuits themselves, it's that the medical practices have been driven into paranoia with their frequency. Tons and tons of money is wasted on excess testing and procedures when medical practices do defensive medicine. And who can blame them? lawsuits can put them out of business completely, and both of us know people sue for nothing.
Secondly, the real greedy scoundrels here are the colleges. THEY are the ones who need reform. Tuition is RIDICULOUSLY high for ANY profession, not to mention becoming a doctor takes a good 12 years of school. I saw a dateline documentary a couple years back that investigated all the frivolous spending colleges undertook while their professors weren't teaching and they hiked tuition to insane levels for those of us in the middle class who don't get many grants. The doctors have to spend the first ten years of their income on nothing but loans. If they want to actually be able to make ends meet with their business, however, they will inevitably pass the college cost onto the insurance companies by raising their fees, which forces the insurance companies to raise their premiums on us.
All because some idiot headmaster has to gold-clad their campus and install Olympic-sized swimming pools. ugh.
But the best part about fixing it with these? It doesn't cost the taxpayers ONE DIME, but it saves us tuition money AND helps the insurance companies lower premiums. And the only people who lose out are the lawyers and the stuck-up rich professors and school boards. You crying for them? I'm not.