Waste makes a business vulnerable to competitors; Waste is the lifeblood of the government/rent-seeker economy.
Private health insurance is essentially the poster child of rent-seeking behavior. Do you honestly believe that CEOs who get annual compensation as high as $100 million are somehow less wasteful than a government department head who would make about $180K? Your post honestly baffles me in how it promotes the outcome that it wants to prevent.
Hell, you spit on government for being corrupted by private influences, only to suggest that private influence should be the only influence there is.