Question: If the Austrian school of Economics is so great, why isn't it in practice in Austria?
In Austria you can be either 100% covered by the public program or 100% private pay, however you can also get supplementary private insurance for “comfort class” hospitalization which includes flexible visiting hours, private room and your private doctor. Everyone who pays taxes in Austria is financially supporting the public system, whether they participate in the public system or pay for private insurance.
Doctors have choices – they can be private, public or both. Doctors want to be part of the public system. There is currently a waiting list for doctors who wish to become part of the public system.
We are covered 100% by the public program. Outside of an occasional 4.50 € we pay for a prescription, we have very few out of pocket expenses.
That sounds pretty damn close to exactly the system I'm in support of for the US.