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We could if we taxed people properly, if corrupt officials didn't pocket the money for their own, if money didn't get thrown down the drain on all the admin salaries, if Medicare was legally allowed to negotiate prices, and if corrupt officials didn't give money to their company owning friends in the name of "business aids".
Our country spends double on healthcare compared to the next country down the list and yet we have worse health outcomes. Making it illegal for Medicare to negotiate prices absolutely has something to do with that. In addition "Anderson attributes [higher prices] to consolidation among hospitals and doctors’ practices, which allows them to demand higher prices.
Despite paying higher prices, Americans actually have less access to doctors, nurses and hospital beds. There are only 2.6 practicing doctors per 1,000 people in the US, compared to a median of 3.2 active physicians in the OECD, for instance. The efforts include raising deductibles to give consumers more incentive to shop around for health care services and paying doctors and hospitals based on patients’ health outcomes rather than for every service rendered."
https://www.cnn.com/2019/01/08/politics/health-care-spending/index.html
And before anyone argues that appropriately taxing the rich will make them all leave:
https://www.theguardian.com/inequality/2017/nov/20/if-you-tax-the-rich-they-wont-leave-us-data-contradicts-millionaires-threats