This is disingenuous, there is legislation in place that prevents the government from negotiating the price of medicine, keeping it wildly inflated compared to other countries. The US effectively isn't doing social spending with that margin* but just laundering money to health insurance companies, medicine manufacturers, and patent barons.

*3 to 10 times the cost you see in other countries is the common range, I think, though in individual cases it gets much higher and there are some ~1:1 prices.