It's a fair argument, but not personally convincing because what we already have all that control and regulation. It's just that it's handled by a small number

It's a fair argument, but not personally convincing because what we already have all that control and regulation. It's just that it's handled by a small number of unelected for-profit insurance companies instead of "the government". Success would be wholly dependent on the implementation in any case. Our current implementation is a local minimum of effectiveness, maximum of overhead. There are better solutions with either public or private bases.