Sure it is, the US spends almost double per-capita on meds compared to western european countries. On the other hand meds is only 12% of US healthcare expenditures, so if we were to reset to e.g. Germany's per-capita medication costs, it would cut US costs by less than 6%.

This is a great example of what my comment is saying. There is no obvious silver bullet because everything in the US costs more than in other countries.

[edit]

Also, per-capita government expenditures on health care in the US are actually higher than in Germany[1]

1: https://data.oecd.org/healthres/health-spending.htm#indicato...