Close but not exactly. It's worse than that.
NYS imposed a ban on pre-existing conditions without the mandate and so young people just didnt sign up until they were sick. That in effect raised the price and encouraged more to do the same raising the price even more. It was a disaster but these are the same fools who think price controls in an emergency help them.
So at the national level the private companies get bankrupted because the fine is so small and so people wait till they are sick to buy insurance, or the rising price drives more ininsured,
And that will be used to get voters to demand FURTHER expansion of Obama-care-medicaid to even higher incomes, for compassion and fairness. Its called ‘single payer’ what the libs wanted to begin with.
Yes the final Progressive objective is to get rid of private health insurance.