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From an ethical, economic, practical, and historical stand --your post is wrong in both premises and facts. From a deductive perpective, you might as well attempt to prove that the military, police, fire department, etc. would best be left to private enterprise sector and predatory capitalists.

Health care is a continuum of knowledge and application that has developed to its current quality because it has, unlike any other profession, been subsidized by taxpayers from the time of Hipocrates to Salk to stem cell research and from grammar school to teaching hospitals, NIH, FDA, etc.

From a fundamental economic standoint, health care, just like police and fire service, has no bartering product equivalent.

From a progress and product & service perspective, health care is dependant on the free exchange of ideas and technique --(e.g. operations cannot be patented) and the total involvement of the government (e.g. Vaccination laws, product marketing regulations, etc.)

From a historical standpoint, free-market capitalism in health care has killed (and is killing!) far more people than it has saved or will ever save. First, through thousands of years of inaction (i.e. the "life is cheap" argument) and... Secondly, through hundreds of years of it being allocated more to the rich while being subsidized by the poor (e.g. Tax exempt institutions are and have always been the intrical part of the whole system).

Therefore, all of your elasticity and supply & demand arguments collapse into the absurd.

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