This sounds great but until costs can be capped insurance companies will charge more for premiums. Companies won’t be able to afford what they pay for insurance premiums and it will all fall to us to cover it all. The insurance companies will still get their money either way. there will be no money left over and we’d probably end up paying even more on top of that.

Or if the proposition is for us to pay our medical care expenses and not use insurance, then the hospitals will just gouge us instead. Insurance is a Ponzi scheme.