Zimmer and h3%5kr3w your arguments are flawed. You can not rely on the market to balance the cost when the product cannot be refused. You argue that taxes and spending will go up, what your not taking into account is that the current system cost want be carried through as they will be replaced.
The current system in the US is not working and is not sustainable in any type of term. Lets have a quick look at some figures from the OECD (2007).
Health expenditure as a share of GDP.
US 16%
France 11% (closest spender)
Average 8.9%
Canada 10.1% (added as US compare themselves to canada a lot)
Health Expenditure per capita (private + public).
US $7290
Norway $4763
Average $2964
Canada $3805
Now I can already hear you complaining that it includes both private and public, what about just public? Apart from 2 other countries (Norway and Luxembourg) the US Spends more than the other 31 countries, in fact it spends more publicly than the average of Private and Public.
The current US medical system is flawed and needs replacing.