This isn't necessarily a bad thing - I for one happen to think it's great that our expensive medical system is financing all kinds of wonderful new technologies that benefit the world overall. However, the major problem here is that things that would be useful for other places simply don't have the market to support it, so most medical innovation exists in the context of the US medical system and it's problems - some of which are widespread, some of which are not. I do wish there were some other testbed healthcare systems out there for companies to try to disrupt, but I don't think it is (by itself) a call for medical reform.
My preferred medical reform is to "legalize insurance markets" (ie: repeal laws that state that insurance companies operating in state Y cannot sell insurance to people in state X because state Y policies are not legally compatible) and try to break the monopoly that doctors and nurses enjoy....somehow. Telehealth? Maybe?