You are missing 2 critical points. The U.S. has the highest paid medical workers in the world. Our hospitals are not protected by tort lawsuits which drive up cost by 10%.
1) Wages in the medical sector would come down if you followed what I laid out 2) Tort cost is 10% in total - a lot of which is real and not excessive. With 350k deaths caused by medical error every year (not even counting other, less permanent errors), it probably should be pretty close to 10% of the costs. Getting rid of monopolies in healthcare and providing more options would force hospitals to provide better outcomes. (that said, I’m fine with tort reform)