Exactly. The goal is to get any private insurers out of the business as quickly as possible. I think I also read something about a provision that says once you go ON the government plan, you cannot get off of it, you are stuck there for life. So the result would obviously be for private plans to be forced out of business in pretty short order.
No for profit can survive in competition against a government program. With no profit motive and an endless ability to print money the government can mandate expensive medical benefits that it doesn’t ever pay for but the private plan needs to provide, at a government mandated fee. The government will them accuse the private plans of failing due to their own greed in trying to make a profit.