Celebrim
Legend
I don't think it's horribly unbalance good. You balance by the spell (and the level it's being cast at), rather than by the character level of the healer.
Suppose a balanced 1st level spell did 1d8 damage. Would the same spell be balanced at 1d8/character level? Well, this is doubly better than that spell, in that healing is more powerful in D&D than damage (unlike say MtG) and the spell is scalling by the level of a the target. So imagine a damaging spell that allows a 1st level caster to do 20d8 damage to a 20th level character. Do you see the problem now?