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Maybe, yet care demand will go up as care provider supply remains the same or goes down. This is what causes the often cited care delay in nations (some with popualtions below that of some US states) with "free" medical care. We were told that ER (the costliest care environment possible) use would go down after PPACA was enacted on the theory that folks would receive more 'preventive' care - that did not happen.
It should be obvious to all that the often touted 'cost savings' are simply going to be achieved by paying the same care providers less for performing the same type of care. Why do you suppose that no US state offers UHC for its resisdents?
a state couldn't handle the costs, as it would have little ability to negotiate them down.
as for healthcare in general, it is an essential service with inelastic demand in which geographical immediacy is a critical factor. i'd like to see a larger public sector role.