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That graph is relating cost of healthcare to quality. Not necessarily comparing cost of countries with universal healthcare to America. Additonally, most of the healthcare spending in America is already by the government and look how that's going. America is also significantly larger than any of those countries listed. Overseeing healthcare for a country so large requires way more overhead.
Every graph of healthcare costs vs privatisation with the US in it is necessarily a comparison between private and public healthcare systems since most countries have single payer as most of their healthcare.
The US government healthcare programs are by far the most cost effective offering in the US but it's hampered by regulations such as not having the ability to negotiate prices (until the recent tiny concession on a handful of drugs that has paid off in spades).
Finally, other large countries including India and China may have lower life expectancy, but they're close and rising rapidly compared the stagnant US trends. Of course the bang for the buck they get is at least 5x what the US gets with its ridiculous system