The USA spends similar amounts in percent of GDP on govenment-provided health care. Since the GDP is higher in the US, it even spends more European countries in absolute numbers. According to OECD data, the US government spent $3,800 per citizen on health care. The German government spent $3,242. The French government spent $3,100. Moreover the cost is rising faster. From 2001-2009, US government health-care spending went from 6.3% to 8.3%. In Germany it went from 8.3% to 8.9%, in France 8.1% to 9.2%, in Italy 6.1% to 7.2%.
(Source: The Economist)