We already spend upwards of 18% of GDP on healthcare. What is the difference if that money is spent through private insurers or to a single-payer system? In the former scenario 18% of GDP is spent on healthcare and in the latter scenario 18% of GDP would be spent on healthcare.
You won't have to worry about medical bankruptcy, because there won't be any quality health care services around for you to pay for. You'll have the right to stand in line alongside the local welfare bum for poor quality care. At least until you're old enough where care will be denied in favor of euthanasia, or if you prefer a slow death of natural causes.
Typical GOP fearmongering not rooted in reality.
Then why don't we stop private production of food and instead send our food budget money directly to the government? Food inflation is out of control! The government can deliver your alloted monthly, Michelle-approved, sensible portions directly to your doorstep along with the U.S. mail.
Let's stop private production of cars as well. Government Motors can handle it. The government can deny automobiles to those who have adequate public transportation so we can lesson carbon emissions. That's good for everybody, right? You'll never have to live in fear of being without transportation again.
We should also stop the independent production of news and entertainment. The government can do it better. Just look at PBS and NPR, with happy cartoon characters for children to enjoy and responsible journalists who don't engage in "fearmongering" like those aggressive malcontents over on FOX News.
And what about housing? It's not fair how some people get evicted from their homes when they can't afford it while others get to live in massive mansions. If the government gets to control the housing market, there will never be another homeless person again. Everyone will be alloted an appropriately-sized apartment in public housing.
/SARCASM OFF
You, my friend, are the one who isn't dealing in reality. You are demonstrating an astonishing depth of ignorance by saying that government can spend our money as efficiently as individual citizens can. You are a useful idiot who believes a perfect utopia is achievable and is willing to give up your rights and your property to the first smooth-talking shyster who promises it to you. I assume you voted for Obama?