I would argue the social-democracies of Europe are exactly what that is. The idea the free market can address so many things better than any other economic model, but maybe ruthless profits shouldn't drive health care.

Agreed. The market needs to be well regulated in order for it to be tuned for human well-being rather than just greed. It's clear that ruthless profits can't be your optimizing function when it comes health care, housing, education, and environment.