I wonder how much you know about Germany? Health insurance is public AND private. You only get to opt-in to a private plan if you make over a certain amount of money. I never said that you didn't have to pay for insurance. But in Germany you pay a % of salary and nobody is uninsured - IIRC if you're poor, the cost of the insurance is subsidized. If there's a smaller # of uni grads in the population (citation needed), maybe more people go into the trades than here, which wouldn't necessarily be a bad thing. Unemployment is much lower in Germany than in, for example, the US.
My point in all this is that being what a US reactionary would consider a "socialist" country does not translate into necessarily having a basket case economy. A prior poster mentioned Canada as a similar example of what a US wingnut would describe as a "socialist country" that's doing relatively well.