List of countries by total health expenditure (PPP) per capita - Wikipedia, the free encyclopedia
has the US 2009 health expenditure at 17.4% of gdp. The Netherlands is the next highest a 12%.

The 2011 10-k report from Bristol-Myers (ticker symbol bmy) explains that different countries pay different prices to pharmaceutical companies:
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In many markets outside the U.S., we operate in environments of government-mandated, cost-containment programs, or under other regulatory bodies or groups that can exert downward pressure on pricing. Pricing freedom is limited in the UK, for instance, by the operation of a profit control plan and in Germany by the operation of a reference price system. Many European countries have continuing fiscal challenges as healthcare payers, including government agencies, have reduced and are expected to continue to reduce the cost of healthcare through actions that directly or indirectly impose additional price restrictions.
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[pg 36]

I'm curious as to what people think we should do to lower the cost of health care in the US.