Medicare for All/vs/M4A-Option

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About

The idea of providing M4A as an additional choice, to be added to the existing field of private insurers, is substantially more popular than Pure M4A where the insurance industry is replaced altogether. This is often referred to as the "public option" scenario, and bears some similarity to the "public option" that was much discussed in 2009 as part of the reform efforts which eventually led to Obamacare.

Australia

One question is whether this kind of system has been tried anywhere. It is apparently much like the healthcare system in Australia:

[...]delivered [...] by both government and private companies which are often covered by Medicare. Health care in Australia is largely funded by the government at national, state and local governmental levels, as well as by private health insurance; but the cost of health care is also borne by not-for-profit organisations, with a significant cost being borne by individual patients or by charity.

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