Earlier quoted context omitted.
The US spends almost exactly the same proportion of GDP on public healthcare as the UK (~7.3%) but because the system is so horribly wasteful it gets much less for its money. (Much of healthcare spending is on the old who are covered by public Medicare because private insurance would be unaffordable.) UK: 8.8% of GDP total spending, of which 83.3% public = 7.33%. http://www.ons.gov.uk/ons/rel/psa/expenditure-on-healt…
India: 4%. http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS
"This has led many households to incur Catastrophic Health Expenditure (CHE) which can be defined as health expenditure that threats a household's capacity to maintain a basic standard of living.[2] As per a study, over 35% of poor Indian households incur CHE which reflects the detrimental state in which Indian health care system is at the moment"
https://en.wikipedia.org/wiki/Healthcare_in_India
In fact, if anything, that perhaps reminds me of the pre-NHS UK healthcare system - which Aneurin Bevan, the founder of the NHS, clearly referenced in the title of his book "In Place of Fear".
https://en.wikipedia.org/wiki/Aneurin_Bevan
Also interesting to note that, according to that first Wikipedia article, India appears to be considering a universal health care system.