No, according to Panda Bear:

The Big Lie, the scare tactic used by the usual suspects in their craven lust for political power is that people need comprehensive health insurance. They most certainly do not. Most people most of the time need so little medical care that most of the money spent either by them, their employer, or the government is wasted as far as it benefits them. Consequently, in a country where almost everyone can borrow money for automobiles, personal watercraft, and all manners of luxury items, there is no reason why most of us should not be expected to pay for most of our medical care most of the time (even if we have to borrow a little). No reason, that is, except that we have been conditioned to expect it for free.