Indeed, and a government regulated system would be much fairer for everyone. In most western societies (the US may be a partial exception) we don't want to see

Indeed, and a government regulated system would be much fairer for everyone. In most western societies (the US may be a partial exception) we don't want to see people dying in the streets, therefore there is universal basic healthcare for everyone in every civilized country. Therefore, it would be much better to fund it like, e.g., high energy physics research. Do the research funded by governments, and the pure production of patent-free medicine can be done by the industry who, compete on price at a set and defined quality.