Is this Mackinac Center video about Canadian healthcare wrong?

We know that the debate about the healthcare system in this country is not going away. It will come back again and probably this next year.

When Obamacare was debated I heard a lot of noise, but I didn't hear many clarifying answers to questions that were asked, like, "What about the Canadian healthcare system?"  How is it better than ours?  How is it worse? 

This is a topic where rational debate seems impossible.  If you ask questions, it seems like you get banged over the head with rhetoric and ridicule from both sides. 

Watch this video from the Mackinac Center.  Is this true about the Canadain healthcare system?  Half true?  Not true at all?  Completely true and even worse?