Universal healthcare is very sound economically. Costs are lower and outcomes better than under private insurance, and overhead is dramatically reduced.

This is not true, the Kings Fund publishes a report that the Guardian fauns over whenever it comes out because it shows how "cost effective" the NHS is, yet if you read it you find that actual health outcomes are generally worse than other, insurance based systems. Give me wealth and health over a postcode lottery produced by utopianists.