Lot's of conjecture. No facts.
It would be more interesting to read an objective analysis of what exactly the situation is in Europe and Canada. I know that they have thick bureaucracies, which ain't so hot, but our costs are higher and our life expectancy is something like 23rd among developed nations. We can do better.
And the author should really visit California sometime. They had auto insurance gouging, and implmented some regulations. Last I read, it had decreased rates, and the insurance companies whined, but still made reasonable profits. I haven't followed it lately, so I don't know if the gouging is back, or if the regulations became onerous.
It's a constant battle to keep from being raped by providers of required services, to keep government from being purchased by the gougers, and to keep government from going overboard with regulations. Balancing takes constant adjustment.