Joe Biden Biden's plan would alsoset limits on launch prices for drugs with no competition, repealthe bar on Medicare negotiating drug prices and limit priceincreases above the overall inflation rate. (Photo: TiffanyHagler-Geard/Bloomberg)

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

According to The Hill, Biden would not only offerindividuals an option to buy coverage through public healthinsurance, like Medicare, but would increase tax credits to helpmiddle-class families and expand coverage to low-income Americansin the 14 states that have blocked the ACA. The public option wouldbe premium free to those who are eligible for affordable care inthose states—with auto enrollment for people making below 138percent 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.