Sounds good. Now find a majority of our elected representatives to vote for this when they know their constituents will annihilate them at the polls if they do.
Politicians constituents will love a phase out of Medicare...what's not to like, $1 trillion per year in long term savings (lower taxes on constituents) after the Ponzi scheme is wound down. Less national debt. Balanced budgets. More freedom of choice in healthcare. Part of the $1 trillion in savings could go to increased Social Security payments to help future seniors (about 45 years in the future) pay for private health insurance.