Simplistic and mainly wrong or at least misleading I'll give you the benefit of the doubt and grant you actually believe this. Fox News Koch Cato, Heritage ? etc. Taxing millionaires will help quite a bit. It is true that markets without massive government regulation do not prevent health care costs from rising well above any productivity growth or inflation so taxing millionaires is not the whole answer. There are about three ways to control health care costs. 1)We could go the Ryan/GOP way which is to just eliminate Medicare and give retirees a fixed amount of money and then if they have big health problems and run out of the small Ryan/GOP allotment then , they just die quickly or suffer a lot, unless they are among the very few who have several millions to self insure. Given this, most would just get less care and suffer and many others more well off would have a form of death tax in which their estate would decline by 100% due to medical expenses before death ,after the Ryan/GOP allotmenthas been exceeded. or 2) You could go to Medicare for all, eliminate the 30% skimmed by middle men (the insurance industry) which has been shown over and over to be much more efficient or 3) go to some sort of additional massive regulation of the still nominally private insurance industry, including caps on CEO salaries and profits etc. to regulate prices.