It would also eliminate the healthcare costs taken out of your salary, though. Could be an even trade or better for most people, even higher earners, AND you'd have the freedom of never having to consider healthcare again when considering switching jobs or doing your own thing for a while.
The total cost of my plan, including the part my employer pays for is less than $500/month, and I’m of the opinion it includes too many provisions but I couldn’t find similar plans that didn’t include the coverage I didn’t want.
Lots of devils in lots of details, of course.