Market/socialized Hybrid System to Replace Obamacare?

I want to run this by some people in the know because I've been thinking about health insurance reform for years and I would like feedback as to whether this idea is dumb or brilliant:

What if the government socialized health insurance for each person above, say, $10,000 spent? The first $10,000 will have to be covered by an insurance free market and/or employers, and for insurance companies to qualify for the state covering their insured above the $10,000 cutoff, they agree not to reject anyone seeking insurance based on pre-existing conditions.

The way I'm looking at it is this: single
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