http://en.wikipedia.org/wiki/File:International_Comparison_-...
So as a matter of priority versus other spending outlays, we're way out of line.
Here's per capita GDP: http://www.wolframalpha.com/input/?i=per+capita+GDP
Spitballing from these numbers, it looks like we spend about as much in absolute terms as Switzerland, with everyone else way, way far behind.
Here's another interesting graph, since I seem to be on a roll here:
http://krugman.blogs.nytimes.com/2011/02/16/medicare-and-med...
The degree to which our government is in the red is in no small part a result of the degree to which we're invested in the health care money pit.
The amount of money that is going to health care should blow your mind. People go bankrupt every day due to health care expenses, and even if you don't go bankrupt your tax dollars are supporting this nonsense.
I was talking to a gentleman the other day who works for a medical hardware company. He said they had a radiation treatment device that costs one hundred million dollars. A tenth of a billion dollars for one machine! "Jeez," I said, "How long does it take to pay off such a thing?"
About a year.
There is, of course, a debate on how to fix health care. Is there really a debate on whether it's broken?