That is generally true for things like minimum wage laws or regulations on manufacturing. If it is expensive to manufacture in the US then companies can easily manufacture in China.
It doesn't really work for healthcare because you can't remove it from the jurisdiction. It isn't practical to fly to another country to receive emergency medical services or if all you need is to fill a prescription. Meanwhile the customers with the wealth to sustain research into novel health products are in the countries that impose heavy regulatory burdens on anyone who wants to service them.
Actually a lot of people do ... I know people who get their eyes lasered in Turkey for example (in this case it's because the treatment is cheap).
Larry Page suggested the Island idea in last year's google IO.
It doesn't really work for healthcare because you can't remove it from the jurisdiction. It isn't practical to fly to another country to receive emergency medical services or if all you need is to fill a prescription. Meanwhile the customers with the wealth to sustain research into novel health products are in the countries that impose heavy regulatory burdens on anyone who wants to service them.