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That won’t change the costs if anything it will make them rise and rise faster. You have one payer: one large, infinitely wealthy entity paying the bill it’s human nature for participants to jack up rates
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This would be a great argument if we didn't have literally all of Europe, Japan, Australia, etc. to conclusively debunk it.

> The U.S. spends about twice what other high-income nations do on health care but has the lowest life expectancy and the highest infant mortality rates, a new study suggests.

https://www.reuters.com/article/us-health-spending/u-s-healt...




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