health

BIDEN BILL TO HELP MILLIONS ESCAPE HIGHER HEALTH CARE COSTS

BIDEN BILL

President Biden is working to control health care costs and make the U.S. more powerful on the world stage, according to a White House official. Biden's office said he is focused on improving access to affordable health care and protecting the environment. He has also been working with President Barack Obama and other lawmakers to safeguard Medicare and Social Security from cuts that could be included in the president's deficit reduction plan.

The president also wants to improve relations with countries around the world, particularly in Asia, said a White House official who spoke on condition of anonymity because he was not authorized to speak publicly about Biden's agenda. The official said Biden has made efforts at improving ties with China, India, Pakistan and Russia as well as other countries in Latin America and Africa.

He had a role in crafting the Affordable Care Act, which has helped millions of Americans get health insurance. But it's also led to soaring premiums and out-of-pocket expenses for many families. Biden is working to help states expand their Medicaid programs under Obamacare, which will provide health coverage for millions who can't afford private insurance. And he's pushing for state action on drug pricing and high-cost specialty drugs, which is a growing problem for Medicare.

Biden's Bill To Help People Escape Expensive Health Care Cost

President Joe Biden has introduced a bill that would help millions escape the higher health care costs they face. The bill would require insurers to cover more preventive services, such as cancer screenings and cholesterol checks, at no cost to patients. It would also let people with high deductibles pay out of pocket for their medical care and allow them to choose plans with lower premiums and higher deductibles.

"This is not about free healthcare," Biden said on Tuesday at a news conference.

The healthcare costs of families and individuals who purchase their own insurance are rising faster than ever before. The average family health insurance premium in the United States rose by more than 8% for the second year in a row, according to the Kaiser Family Foundation’s annual survey of employer-sponsored plans released on July 12, 2019. In addition, many employers are shifting more of their workers from traditional employer-sponsored coverage to self-funded arrangements or other forms of “consumer-driven” health insurance (CDHI). As a result, many Americans are finding themselves paying higher out-of-pocket costs for routine care as they struggle to afford more comprehensive coverage.

The Biden bill seeks to address this problem by helping millions escape higher health care costs by expanding access to Medicare during their working years. It would also make it easier for Americans over age 55 to buy in with tax credits that could help them cover the cost of premiums on their own. People with high incomes would pay more in premiums than those with lower incomes. But lower-income people with few resources could afford it because they would receive financial assistance from the government.  Biden's plan would replace Obamacare's subsidies that currently help low- and moderate-income people afford health coverage through private insurance exchanges or Medicaid. It is similar to legislation that passed last year but was vetoed by President Barack Obama.

Final Words

The bill will bring a huge relief for everyone, specially for the backward classes people and for the seniors who can't afford much on the healthcare thing. The Biden bill, called the Medicare for All Act of 2019, would allow for all Americans to receive health insurance through Medicare. Receiving claim from Medicare is always easy and will surely help the citizens of America to live freely and happily.

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