Step Two will be a federal 'guaranteed issue' mandate that will drive up premiums to New Jersey levels ($450 per month on average).
Step Three will be to create the "choice" of a tax-subsidized public alternative — Obamacare.
People will refuse to pay so much for the overregulated private insurance and self select into government plans. Medicaid will extend to the middle class. Medicare will be bloated as usual. Obamacare takes care of the rest. Socializing the insurance side will be complete. (The doctors and hospitals will remain private and will soak the government. The Fannie and Freddie model of healthcare. Scary.)
Then, of course, the rationing and denial of care begins…