“Prices would go down and less would be spend on insurance since that would be a lower priority for people, people aren’t going to waste money on a Cadillac plan.
Clearly, you are a socialist, since you have no concept on how the market actually works. “
DUH ... Think about this for a moment. Government will give you a tax credit for buying a new car!
Will you be more inclined to buy a new car? YES!
Now that we have that settled we can look at the supply-demand curve.
There will be MORE demand for cars! Thus price of cars will go UP!
ECON 101. DUH!
Now, ultimately, there is a free market solution to the health insurance problem, like there for every problem in society.
Clearly, someone like you with a government control mindset, can't grasp that simple fact.