The article could well be right.
It would do a lot to take us back to where health care was when I was a young adult. It was just expensive enough (major medical was the usual insurance of choice) that you didn't make unneeded trips to the doctor and the doc prescribed only what was really needed. It was affordable. And then came HMO's and the paying of doctor visits and prescriptions, etc. and the costs exploded and HMO's and pharmaceutical companies laughed out their asses all the way to the bank.