OK, so if I understand your point, US healthcare is not free-market enough and even more deregulation is the cure. In that scenario even more hungry profit centers are allowed to flourish between the patient and their doctor. But, that is even more "waste" from a patient money -> healthcare provided point of view.
What has become apparent to me is that some aspects of civilization are not compatible with privatization. Oof. This was a very bitter pill for me to swallow as my background is having escaped Soviet controlled Europe when I was a child. It has taken a lot of time for me to realize that the ideal solutions for our species may not be at the opposite extreme of ideology. The big realization may have been that solutions in reality are often closer to a tensor than any one-dimensional concept or pure ideology.
* Note: by "ideal solutions for our species," I mean optimizing for the survival of the species, and growth of our technological civilization.
In a public health system waste is considered bad, and we would work to lower it.
In the private system waste is called shareholder value, and we work to increase it.
edit: I phrased this poorly, but certainly stand by my point. If anyone would care to discuss this or educate me, I am always open to change my mind.