There was a great article in the New York Times recently about how despite spending more on health care, the U.S. lags behind other nations' outcomes. Yes, there was a time when America had the best health care in the world and at a reasonable price, but that all started to change in the 1980's. Basically other nations had tools to hold down spending but we didn't.
It's an interesting review of what's happened and hopefully what might happen in the future.
High-Dollar Health Care