It would also take an immediate 20% off of US GDP as hundreds of thousands of medical middlemen hit the unemployment line, even if it lasts only for a year or so while the economy adjusts.
Because of this, no politician - including Trump - will touch real health care reform with a with a ten foot pole - even though the final result would be hugely positive, especially for small business. We will continue to get abominations like Obamacare that keep all the major players' profits in place and redistribute a few crumbs to politically favored groups which screwing the middle class who has "nowhere else to go" anyway. They think we aren't smart enough to figure out what they are doing.
It is brutal. The money would be spent somewhere else.