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@tynan
I probably don't know enough about the subject to hold a position with any real conviction, I am sure with something so vast as healthcare for the entire globe there will be endless problems, over prescription of Ritalin to children in some parts of the US, lack of access to antiretrovirals in Sub Saharan Africa, cancer drugs in the UK not made available through high cost, restriction of generics in India . . . etc etc.
I think, taking a very very broad view (literally societal health seen over centuries) I would lean towards to idea that we are not grossly overmedicated, even though we could dig out various examples where that might be the case.