Amid debate over rising medical costs, surprise hospital bills and high prescription drug prices, health care remains a top priority for voters in the 2020 presidential election. The debate on Medicare for all, which would overhaul the nation's current health care system, has begun to sow division
Amid debate over rising medical costs, surprise hospital bills and high prescription drug prices, health care remains a top priority for voters in the 2020 presidential election.
Some candidates are rallying behind the concept, others are against it and some have suggested forming a hybrid system that would call for universal health care while at the same time allowing people to chose private insurance if they want it. The Biden campaign estimates that the plan will cost $750 billion over 10 years. Senior advisers said Biden would rescind President Donald Trump's tax cuts for the wealthy, raise the maximum tax bracket to 39% and get rid of the capital gains tax loophole for wealthy families with incomes greater than $1 million a year in order to cover the hefty price tag.
Story continuesIn April, Sanders again introduced his signature health care legislation, which if passed and signed into law, would provide government-run, Medicare-style health insurance for all Americans and outlaw most duplicative private insurance in the process. His plan offers few concrete deals on how to pay for the expanded federal system, but in the past the senator has backed significantly higher income taxes for wealthy Americans and businesses in the country.
Harris' plan also calls for a 10-year transition to a single-payer system while Sanders plan calls for four years. "She's basically saying let's keep private insurers in here and lets heavily regulate what they provide and give people the option of purchasing these heavily regulated Medicare-Advantage plans," Verhoef said."The idea that we are really going to regulate insurance companies this much I think is a little bit pie in the sky itself."
"It's something Barack Obama wanted to do, which is a public option," Klobuchar said."I'm concerned about kicking half of America off their health insurance."
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