The King’s goal is to lower America’s health care system to sub-3rd world standards while doubling or tripling the cost for it.
I'm by no means a doctor, but I do work in a healthcare-related industry. Medicine, and medical research, is very much based on continuing practice, research, development, and publication of findings. Like many sciences, it is an iterative model.
It works the best, here in the United States, because we have an economy that loosely encourages this by means of a profit motive. (I say loosely because today's model is hampered by significant regulations and taxes.) That is, new medical procedures, devices, and drugs are funded, created and developed, because companies and investors see the prospect of reward down the road.
What happens when the iterative model breaks? What happens when a generation of would-be doctors chooses not to go into medical research, because their skills are needed in general practice? What happens when biotech companies choose not to start-up because medical reaearch doesn't support their efforts? What happens when--instead of novel new medicines that treat Alzheimer's, cancer, and cardiovascular disease--big pharma companies create "me-too" medicines because they're better understood and less risky to develop?
Obamacare has the possibility of destroying healthcare as we know it, setting back the industry for years, possibly decades. If the United States doesn't lead and develop new medical treatments and medicines, it's very likely to believe that NO ONE will.