In socialized medicine, the medical costs of any individual are divided equally across the entire system. It sounds nice in theory, but unfortunately in practice it is not sustainable. Since the individual is not paying, there is no incentive to limit how much care received.
It's basic economics: what happens when demand for care increases but supply remains the same? Mass shortages. Long waiting periods. Costs get out of control, so government lowers reimbursements. The result? Underpaid doctors, nurses, and staff. Tightening financial conditions in hospitals and clinics. So then hospitals find it less worthwhile to invest in new technology and equipment. The result? Seeing lower future demand, firms that innovate find it riskier to develop new technology, so they cut back on R&D. Hence, technological innovation in medicine slows down significantly.
Also, with too much demand for care and only limited supply, government officials inevitably have to step in to dictate who gets care and who doesn't, which hospitals get funding and which do not, who lives and who dies, i.e., death panels.
If you disagree, present your logic to PROVE ME WRONG!