Biden WEAKENS Healthcare Plan For Insurance Lobbyists

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Published on 23 Jan 2021, 20:00
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President-elect Joe Biden’s new COVID-19 relief plan does not adopt existing Democratic legislation to expand government-sponsored medical coverage nor does it propose a promised public health insurance option. Instead, it adopts proposals from health insurance lobbying groups’ recent letter to lawmakers demanding lucrative new subsidies for insurance companies, at a moment when those corporations have recorded record profits as millions lose coverage and many face claims denials.

Biden’s plan would shovel billions of dollars to private health insurers by providing subsidies for Americans to buy coverage through the Affordable Care Act (ACA) marketplaces...

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