Single payer systems do have the advantage of reducing administration costs, which currently are about 25% of healthcare costs in the US (i read that somewhere, forget exactly.) The prices in the US are also jacked due to the effects of subsidies for health insurance and also student loans making med school cost a ton. Just to get back the money they spent on med school doctors have to charge an arm and a leg, while (if I'm not mistaken) a lot of European med schools are free. Also with how litigious American society is, doctors pay through the nose for malpractice insurance.
|