system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: Why are healthcare costs in Canada, France, etc. so cheap compared to USA? How can they charge so little and still provide good service?

Do their doctors, nurses, etc. get paid less than they do in USA? Is their technology obsolete? I don't get it. The TIL about the correlation between bankruptcy and medical debt caused a bunch of discussions in the comments. One man in the US said that his newborn child had to remain in the hospital for two weeks and it cost him almost $200,000. Meanwhile, a Canadian man had a similar experience and it only cost him $14. I just don't understand.
gpt
When one person (in this case the government) is the sole purchaser of a product they have far more negotiating power than someone who has to compete with other purchasers.

The government says "We'll pay you for price of production + 10% profit and nothing more" either they accept it or they lose an entire country to sell to.

The medical tech is state of the art in any rich, developed country, doctors DO get paid more in the US to compensate for the more litigious society and more expensive training they go through, but depending on the country you compare to, it's not a huge difference.