Government regulation is as brakes on the car: it’s not safe to be without them, but if you think you can accelerate (as in, the economy) by stomping on the brake pedal, you’re daft.
I submit that a better question might be: “How do we craft the minimally sufficient regulatory structure?”
And the Affordable Care Act is a terrible example. No one has ever coherently explained why the federal government is micro-managing health care like that. The tinfoil hat worries that the ACA is a stalking horse for Single Payer seem not without merit.
Whatever regulatory choices are made, adding more federal bureaucratic deadwood to the system seems unhelpful.