It leaves us overspending on health care by a huge amount, raises everyone's insurance, and ultimately takes away everyone's employer-provided care, which the majority of Americans who have it like. If it was cutting our expenses in half, the cost savings might sell it. But 10%?
> ultimately takes away everyone's employer-provided care
Really? Even the NHS system allows a parallel employer provided system to run alongside it, it's just only common for higher-paying jobs and those with US parent companies.
Right, the rich will retain private care no matter what. The challenge is what happens to the middle class, the majority of whom have employer-provided care that they actually like (this is a major challenge with any health reform in the US: the status quo has powerful support). There's a near-consensus that the impact to the market for these insurance products will, within a few years, be eliminated by M4A.