That is a cynical and, I believe, incorrect take.
If you want it to progress at any real speed its correct. How many of the innovations we have seen have purely been out of the medical fields good acts? Salk is probably the biggest, I know there have got to be some others, but weighed against the rest it's just not there.
Here's the Reason America Is an Innovation Powerhouse | Innovation.org
Couldnt find an article that covered more, but The US creates 57% of the new medicines in the world. Even if you just limit that to the developed world that's impressive.
The article goes over the reasons, the first was minimizing/streamlining the governments process, and the second was protecting profits.
If there are no profits you have no way to stockpile, or future proof, or expand your hard assets. It makes it really difficult to train, offer advancement, or retain your staff. The medical industry isnt insulated from market forces, and I dont want to step in and tell them how much they should make.
Look at what happened with the pandemic, many existing health care related professionals retired, closed up shop or something else, and now you want to control how much they get paid? This is the side of socialism that never made sense to me, instead of building people up the solution is to tear them down to a lower level so the gap gets reduced artificially.
We need higher floors, not lower ceilings.