I can understand the idea, showing all the health/p.armor/m.armor bars at once so you can see who will be hit, instead of the current method of but it should be an option in Gameplay Options, or ideally, a toggle, a button you can press or hold to see that.
It doesn't stay visible all the time, where it could get annoying, but if you want to look at it all, it doesn't stay up long enough to use in a plan.