Former U.S. Vice President Joe Biden, the front-runner in the Democratic preside...
WASHINGTON - Former U.S. Vice President Joe Biden, the front-runner in the Democratic presidential race, unveiled a healthcare plan on Monday estimated to cost $750 billion and paid for partly by higher tax rates for the wealthy and doubled tax rates on capital gains.
Biden’s plan does not embrace a “Medicare for All” approach favored by some of his Democratic rivals in the contest to face Republican President Donald Trump in the 2020 election. But it would allow a public option in which people could enroll in a paid government healthcare plan, which would exist alongside private insurance.
A senior Biden campaign official who briefed reporters on Sunday estimated the cost of Biden’s plan to be $750 billion over 10 years. Biden’s plan would increase the value of tax credits received by people who use the plan, a move designed to help them lower their premiums.
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