Healthcare as a problem is largely a supply-side problem. The barriers to entry into the healthcare market are so high that the supply of services is extremely tight. This is largely due to regulation, licensing that limits the supply, and huge capital costs I terms of tine and education. India produces many more doctors and engineers than we do and medical costs are extremely low, for example. The quality of care is very good. Reduce the barriers to entry and the system gets cheaper.
I disagree with you on that one. Health care is definitely a demand-side problem, because there's no constraint on demand when people don't pay their medical costs out of their own pockets.
The US graduates about 17,364 MDs and about 4,773 DOs. Yes, India graduates about 6,000 more doctors, but India's population is 3.9 times as large as the US population. US per capita GDP is 33.5 times India's per capita GDP ($49,965 versus $1,489).
The level of medical care offered to Indian visitors and medical tourists is the crème de la crème of their medical system.
Health care in the US hasn't seen a free market since the 19th century. The chances that we'll go back to 19th century freedoms is closer to nil.
Since the US spends twice both as a % of GDP and in $ terms than any other country, and ranks 51st in life expectancy things can clearly improve. And they're going in the wrong direction under Obamacare. But Indian health care spending benchmarks aren't very likely in the US. Who would ever become a doctor? Who would ever stay a doctor?