Dr. Matt Boente: A brighter future; A look at Joe Biden’s healthcare plan
Dr. Matt Boente believes that Joe Biden’s healthcare plan holds the key to a brighter future. For starters, the plan corrects the biggest mistakes of Obamacare.
And yes, there are big mistakes in Obamacare.
First off, several things such as the individual health insurance premium and deductibles have always been out of the budget of most Americans. Obamacare has also been extremely selective, especially among those with minimal subsidy. With premiums and deductibles rising to as much as $15,000-$20,000 annually for families and $7,000 per person, the number of people who are covered has reduced tremendously. And these are just some of Obamacare’s issues.
Dr. Matt Boente mentions that Biden’s comprehensive plan will first revamp the Obamacare individual health insurance market, changing the setup wherein it becomes more affordable for most people.
Biden would base policy subsidies on more expensive plans that carry with them low deductibles, rather than mid-priced plans with higher deductibles. This move will decrease deductibles and co-pays subsidized people will have to deal with. The plan will also seek to provide families and individuals access to premium subsidies they would otherwise not afford, by doing away with the current cap that limits subsidies to people who earn less than 400% of the federal poverty level.
Furthermore, Dr. Matt Boente mentions that Biden’s healthcare plan aims to offer coverage to 5 million people in the low-income bracket in states that have yet to expand Medicaid through access to a federal premium-free option.
Dr. Matt Boente concludes by reiterating the goal of Joe Biden’s healthcare plan – which is to take head-on the worst issues of Obamacare through the adjustment of individual market coverage costs, helping not just those in the lower-class, but also those in the middle-class, who have arguably been the ones most negatively affected by the current program.