The charts below show that Canada has federal government spending at about 14% of GDP and the US is at 24% of GDP.
Canada's debt to GDP ratio is about 33% vs 75% for the USA.
Canada has a government deficit this year of about $6 billion vs $600 billion for the US and had deficits of $25-40 billion during the crisis while the US had over $1 trillion deficits each year.
Canada has universal healthcare at the provincial level.
The US has plenty of financial strength to turn things around.
Finally, the study’s authors examined data from the 18,000 Canadians who participated in the National Population Health Survey. In the previous year, 90 of those 18,000 Canadians had received care in the United States; only 20 of them, however, reported going to the United States expressively for the purpose of obtaining care.
Canada spends about $4000 per person per year on healthcare and the US spends $7500 per person per year.
About 1 in 200 Canadians go to the US for elective care , but there are a few who end up in US emergency when they are on vacation or traveling to the USA.
There are waits in Canada but more people avoid needed procedures in the US because of high costs (Rationing by costs versus waits)