This may be partially true, but my anecdotal evidence points elsewhere. I live in a very poor city in the US, and most of the private hospitals here run a surplus. The problem (like in tech) is finding adequate talent. Doctors and nurse practitioners (the people that are licensed to actually provide medical care) are in extremely short supply. The money problem is at the University level. Medical programs are so rigorous and expensive, that schools cannot expand and graduate enough students to meet the demand. Hospitals and clinics are expanding, but medical schools are not. So the students that do graduate and move on to residency are overworked due to lack of adequate staff for the facility (rather than lack of money). Residents are extremely cheap compared to boarded physicians and nurse practitioners. I know personally if the hospitals I work for could hire more residents, they would in a snap, but the local University won't fund the programs.

The only solutions are to either get more money into schools to graduate more practitioners, or hope that new technology and innovation can somehow alleviate the burden of work on the existing care providers.