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Joe Biden Biden’s plan would also set limits on launch prices for drugs with no competition, repeal the bar on Medicare negotiating drug prices and limit price increases above the overall inflation rate. (Photo: Tiffany Hagler-Geard/Bloomberg)

Presidential candidate and former vice president Joe Biden entered the health-care reform fray, offering the addition of a public option to the existing plan rather than heading in the direction of Medicare for All.

According to The Hill, Biden would not only offer individuals an option to buy coverage through public health insurance, like Medicare, but would increase tax credits to help middle-class families and expand coverage to low-income Americans in the 14 states that have blocked the ACA. The public option would be premium free to those who are eligible for affordable care in those states—with auto enrollment for people making below 138 percent of the federal poverty line.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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