In other words, patients lose the ability to seek redress for incompetent medical care. And what incentive will there be for "Big Pharma" to do research and develop new drugs?
You missed the point.
Patients won't go bankrupt and have to sue physicians for the cost of mistakes.
Drugs and surgery aren't the way to health, but they are the way to profits. Big Pharma has the highest profit margin of ANY industry. Three times higher than the oil companies.