Most of the basic medical research is funded by tax dollars.
Also, are you sure the bureaucracy isn't exactly the point? If you're too sick to fight off a denial and die, they keep the money.
I think we're subsidizing Wall Street's profits with our garbage system, but the sooner people realize our system is totally failed maybe we can knock it down and do something else.
The reason is two-fold: US is subsidizing the rest of the world's medical research, and US healthcare bureaucracy is among the worst in the world.