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If you compared wait times in Canada versus wait times in the U.S., Canada would probably be shorter overall.
The U.S. system creates artificial shortages in many different areas. They seek optimal profitablity by staffing slightly below what the need requires. This shortage justifies charging higher prices.
You can also probably blame some of the long wait times in Canada for things on the U.S. Specialist in the U.S. make a lot more money.
It depends who you're comparing. For the average US or Canadian citizen, I'm sure you're correct. If you look at income levels I bet it's a different story. The poor and middle class (whatever's left of it) have to wait, the rich have the option of paying out of pocket. If I wanted to have a whole-body MRI scan done, I could get one next week for $3200. Wouldn't even need to be sick! Requires a referral, but you can "obtain one virtually from (their) physician partners" and you know their "physician partners," aren't going to turn away business.
Here is Texas it is not uncommon when you have a health issue and call your primary doctor, to be told that they don't have any open appts for weeks and be told to go see an urgent care clinic instead. For profit primary doctors tend to arrange things so that all their time is filled up with non urgent "routine followups" or "annual checkups" and stuff that they have no time for any urgent medicare problems.