A summary of Joe Biden’s healthcare plan.
general healthcare ideas.
Institute a public option along with expanding the ACA. Provide a middle class premium tax credit. End surprise billing. Keep healthcare providers from consolidating market power. Use CMS to directly negotiate with drug companies on pricing. Implement a wide variety of other drug regulation to combat rising costs. Lower the Medicare eligibility age to 60.
health insurance reform: a public option, and expanding Obamacare.
Expand the ACA/Medicaid with more government funding. Make premium subsidies available to more families. Use the public option to offer premium-free healthcare to Medicaid recipients not covered under their respective state’s plan. Cap premium costs at 8.5% of income.
prescription drug prices.
Allow the federal government to directly negotiate with drug companies on how much they should pay. Limit launch prices for drugs that face no competition and peg prices to an international drug pricing model. Cap drug price inflation to the standard U.S. inflation rate. Allow drug importation. Improve the supply of generic drugs.
surprise billing.
Prevent providers from charging out-of-network rates for true emergencies, when a patient has no choice over which provider cares for them.
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