>This event forcing America to adopt more progressive policies
Most of the legislation is temporary heading into an election. I suspect the GOP would be happy to cut that net ASAP and sadly their own voters would support it.
Time will tell. In a year, we'll actually have much better evidence about how different systems fared. Right now, both the market-based US system and the public systems in Europe are being put to the test.
I suspect that they will both have failures and successes that will largely be localized and that we'll find out that those features that made a healthcare system robust don't correlate that much with being a public system or a market system. It will probably correlate more strongly with culture.
All systems have capacity limits. This is even a compsci problem: queues. Whether your system is public, private, or a combination of both, under extreme demand that exceeds your workload capacity, you'll either be overwhelmed (and drop work) or apply back pressure (both which will appear as rationing of healthcare; you have no choice but to ration when supply is limited). There are only so many doctors, nurses, ICU beds, and ventilators.
Note that in Italy and Spain, reverse triage is being done based on your at risk status, age, and other complications. If you're young and healthy, you take priority. I imagine the same will be done in the US, and those who are more likely to survive will be provided with ventilators and other medical equipment to survive, not those who can pay or with insurance; medical practitioners are making the call, not the chargemaster and CFO.
Public healthcare systems won't need a bailout, they're already government supported. We'll move money around on the nation state balance sheet and move on. Private systems though may not survive. That's culture though, so perhaps you're right.
Well, unless we libertarians were right all along and these progressive policies are unmaintainable over a longer period of time. At this point, I think we're about to find out one way or another.
This event forcing America to adopt more progressive policies after experiencing suffering without them wouldn’t be a bad thing.
Sometimes things must get worse for them to get better.