Whoa there, Reductive Jack... we also value the ease of mind rule of law provides when it sets _enormous_ disincentives to doing illegal Nazi experiments on unwilling or duped participants, for just one example. It's that rule of law that would give me the courage to go Socratic method on you at a dinner party, until you either said, "Uncle", or tried to weasel out of your love letter to the Tuskegee Experiment by claiming you didn't really say that thing you really said.
I don't see anything above in the form of Socratic questioning. So let's start this off properly with the questions you should have asked instead:
What do I think is the purpose of medical care?
To help us live longer and better given the constraints of the world we live in - particularly the economic constraints. We have frail bodies and minds. I also will point out at this time that medical care does help. This means the whole exercise is not pointless.
What do I think is the purpose of medical research?
Medical care is deeply imperfect. There is no physical reason (as in thermodynamics, rather than trying to wring out an indefinite life span from our current crude knowledge) that we can't live in a healthy, vigorous state for as long as we desire. And I don't rule out radical medical care such as completely redesigning the human body or uploading human minds into a computer.
What do I think is wrong with current medical research?
I'll discuss that third question in a minute.
Now, in your post, aside from the tiresome and baseless bragging, there are two interesting aspects. First, why mention "rule of law"? Is it somehow physically impossible for legislators to pass laws allowing forced experimentation on human test subjects? Or are you implying that because they exist, the current laws must be best possible and any backsliding on these laws quickly slides down the slope to complete lawlessness?
Second, why mention "ease of mind", but not whether medical care and research actually works? Is it more important that my mind is "eased" rather than if I'm living a vastly longer, better life? Is it more important than whether or not humanity loses a war with the machines?
I think this "ease of mind" cuts to the core of what is wrong with modern medicine. We have many regulators of medical research. But they only get in trouble, if something bad happens to research subjects on their watch. They have no responsibility or incentive to care about what didn't happen due to the constraints they impose. That's why I said:
That's because we value the lives of the few people who could be exposed to harm in a medical experiment more than the billions of people whose lives could be improved greatly by the results of the medical experiments.
Because the people we delegated this responsibility to have those incentives. And a lot of the problems of modern medical care, such as its extreme cost, lack of competition, and glacial pace of progress are due to that fundamental obstruction.