Like I said before. The question should not really be focused on what is a better system. Both privatized and public systems could be run at the same capacity, it all depends on how they are administered.
I read yesterday that Massachusetts is pushing for universal health care even within the privatized model.
(Link to article)
I think the thing that many don't understand is that the message is not who is the best, but rather that things need to change. Just because you can afford to be sick in the US does not meant that everyone can, and that is where the problem lays.
Oh, and while we are on the subject of financing, take a look at how fast the US is accumulating an insurmountable debt...money that could be used to help improve the health care system or dare I say help the Katrina victims instead of sending your young to die for nothing.
(link)