Not if you get to stop paying for treatments if they get sick!
I get frequent emails from both my employer and my insurance plan reminding me to get flu shots, annual physicals, etc. because it's cheaper for them if I stay healthy vs. having to pay (potentially a lot) for treatment of preventable illness or health problems.
These companies act in lockstep and the service is socialized - you pay for everyone else. Its the most shitty approach imaginable to healthcare.
You get all the greed and ass fucking of private healthcare, with all the choice (or lack thereof) of huge socialized medicine. And, cherry on top, the private sector has WAY less rules than the public sector.