No, just meaningless. Pretty much the only ones who benefited from the old system were young and healthy people - the exact people who have less of a need for healthcare insurance in the first place. But that left a hyuge portion of the population totally fucked. Leaving a large portion of the population without reasonable access to an essential service such as healthcare is not good for society and is not good for the country.
I am sorry that you are unable to differentiate between subtle things such as this but just because you are a dumbass doesn't mean we all have to live down to your level of intelligence.