What does a Biden health care plan mean for people with pre-existing conditions?
Posted On July 12, 2021
A Biden health plan would provide $1.3 trillion over 10 years for health care coverage and prescription drug programs.
It would also invest in mental health services, reduce health care costs for the uninsured, and invest in affordable housing, according to a summary provided by the White House.
It calls for “reforming the existing Medicare and Medicaid entitlement systems, and creating a new Medicare-for-all system.”
A Biden Health Plan would provide “reform to the tax code” that would lower tax rates on the wealthiest Americans, according the summary.
The summary also noted the Biden plan would “reduce the national debt,” and “ensure that the Federal Government has the resources it needs to fulfill its statutory mandates, including those related to protecting our Nation’s critical infrastructure and preventing the spread of infectious disease.”
The White House also noted that the Biden proposal would “end taxpayer subsidies for private insurance plans that fail to meet the minimum standards for health coverage and coverage.”
The summary did not mention the $300 billion the Biden administration has pledged for Medicare and other health care programs over the next 10 years.
A Biden Health plan would also expand access to health care for people living with disabilities, and make sure the nation’s health care system is “fiscally sustainable.”
The Biden plan “will expand Medicaid to cover an additional 25 million people,” and will “establish a new Health Resources and Services Administration, which will oversee health care reform, provide the nation with more flexibility to make cost-effective health care decisions, and protect access to critical services.”
The Biden plan also says it would “build on the $1 trillion investment we have already made in our Nation and invest $3 trillion in our health care infrastructure, including infrastructure projects, public transit systems, ports, roads, airports, and more.”
The plan calls for a federal tax credit of $3,000 for each adult and $5,000 in each child who is uninsured, “and $1,000 to families who have no health insurance.”
A health care premium tax credit would also be available for people who “earn up to $150,000 per year” through employer plans.
The White house also said the Biden Health proposal would invest in “health-related research and development” and provide incentives for state governments to “get on the cutting edge of health care.”
It also called for “expanding Medicaid to include people with disabilities and expanding health savings accounts, which would be used for qualified health care expenses.”
A Biden health policy summary does not include any information on the cost of the Biden Plan.