Everything else is so expensive because of the second of those reasons, plus everyone having higher salary demands because of high housing prices.
Increasing housing supply can mitigate the problem somewhat, but the other drivers of cost will still remain, and I Think most people would agree you don't actually want to deal with the other cost drivers to aggressively. I mean, even dealing with the high-income-earners-as-cost-drivers problem softly by raising high-end marginal tax rates somewhat is a a highly controversial position.
https://ny.curbed.com/2017/4/19/15358234/times-square-snohet...
> “Bowtie” bounded by Broadway and Seventh Avenue between 42nd and 47th Streets.
1. https://healthland.time.com/2013/06/21/theyre-alive-harveste... 2. https://agriculture.institute/food-chemistry-and-physiology/...
https://www.kff.org/state-health-policy-data/state-indicator...
There can be no market clearing price, because healthcare demand is unlimited.
In some countries supply is rationed by using different means such as waiting lists, budgets for funding, or even corruption (I witnessed this in Cuba).
How's that? Beyond some level of care I suspect demand drops of a cliff. No one goes to the doctor for the fun of it.
It also makes it easier for employers to get away with poor working conditions for those workers.