Washington, UNITED STATES
Former Vice President Joe Biden speaks at an event marking the seventh anniversary of the passing of...
JOE BIDEN: The No. 2 to Democratic President Barack Obama has criticized Medicare for All as an effort to dismantle the Affordable Care Act (ACA), Obama's signature healthcare law. Instead, Biden has vowed to "build on" the ACA, popularly known as Obamacare, by adding a public option that would leave the current private insurance system in place. His healthcare plan, estimated to cost $750 billion over 10 years and paid for partly by higher taxes on the wealthy, would let people enroll in a paid government healthcare plan as an alternative to private insurance. The government plan would be modeled on Medicare and available even to workers with employer-provided policies. The proposal would also expand the ACA's subsidies for private policies, making them more generous and extending them to more people.
REUTERS/Photo: Aaron P. Bernstein