Posted by Michael Wonder on 15 Jul 2019
Biden health care plan would curb drug prices, raise taxes on rich
15 July 2019 - Former U.S. Vice President Joe Biden, the front-runner in the Democratic presidential race, unveiled a health care plan on Monday estimated to cost $750 billion and paid for partly by higher tax rates for the wealthy and doubled tax rates on capital gains.
“The Biden plan to protect and build on the Affordable Care Act” seeks to strengthen the signature healthcare plan, popularly known as Obamacare, enacted under former Democratic President Barack Obama. Biden was Obama’s vice president for eight years.
Biden’s plan does not embrace a “Medicare for All” approach favoured by some of his Democratic rivals in the contest to face Republican President Donald Trump in the 2020 election. But it would allow a public option in which people could enroll in a paid government healthcare plan, which would exist alongside private insurance.
