Health care does involve it, such "classic" theories and applications are being rendered obsolete by technology. In all reality, we probably arent too far away from the industry and production that defined such things and as we know them are entirely replaced by 3d printers, robots, and a handful of engineers and mechanicss. Healthcare is already an example of this, where we find manufacturing, distribution, information (all things included in the wiki article), it also provides ecomomic value in a more abstract way than strictly produce and consume. It's also unsuitable for market-based economies because we have things like the over prescribing of anti-biotics and anti-depressants. Mitch Daniels said he would make prozac profitable, which is inherently problematic in an environment where you can't normally create demand for your product.
Let's think about how to apply capitalism to health care.
I'll propose one way....not necessarily the best...but one to consider.
- Single payer run by government provides a level of free care to all.
It's paid for by taxes.
- Private alternatives are legal & available to any willing to pay.
- Lawyers are reined in with severe sanctions for meritless suits.
- Machines, ancillary services, drugs, clothing, etc are provided
by businesses who compete for contracts.
- Single payer health care customers have a choice of physician
& facility. So even with single payer, there's competition to be
better than others (lest one see shrinking funding).