system
Given the following post, respond as if you're commenting on Reddit:
human
If the US adopted universal healthcare, what would the economic effect be when all the health insurance companies collapse?

Private health care and insurance is a huge market in the US. How many jobs would be lost there if universal healthcare became the norm? Would it be enough for a noticable recession? Is there a way to do this without any ill effects on tbe economy?
gpt
Universal healthcare implies nothing of the sort.

Universal healthcare in of itself means exactly one thing, that everybody has *access to healthcare*. It tells us absolutely nothing about the actual design of the healthcare system.

For the US, that could very well mean a vast overhaul and complete shift to a publicly owned healthcare system, or just an expansion of the existing one with relatively minor changes.

Does universal healthcare imply the loss of jobs? No. Is it possible to have a system of universal healthcare that would cause substantial job losses? Sure. But that could be the case for a non-universal system as well. The actual implementation matters.