Biden Expands ObamaCare by Cutting Health Insurance Costs
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- President Joe Biden pledged Tuesday that his $1.9 trillion COVID-19 relief bill would focus on building on the promise of the Affordable Care Act, which was signed into law 11 years ago by former president Barack Obama
- Biden's COVID-19 relief bill boosts premium subsidies under ACA to address the issue of healthcare costs
- This means consumers who buy their own healthcare policies through HealthCare.gov will pay much less out of pockets
- For context, the law cuts premiums paid by a 45-year-old making $19,300 to zero as compared to paying $67 before the law
- People who even have a brief period of unemployment can get a standard plan for zero premium, with reduced copays and deductibles
- “We have a duty not just to protect it, but to make it better and keep becoming a nation where health care is a right for all, not a privilege for a few,” Biden said at the James Cancer Hospital in Columbus, Ohio.