US President Biden expands ‘Obamacare’ by cutting health insurance costs

Biden has pledged that his $1.9 trillion rescue package would build on the promise of the Affordable Care Act, the hallmark legislation of Barack Obama’s presidency that became a law 11 years ago

President Joe Biden has pledged that his USD 1.9 trillion rescue package would build on the promise of the Affordable Care Act, the hallmark legislation of Barack Obama’s presidency that became a law 11 years ago. Biden’s COVID-19 relief law pumps up “Obamacare” premium subsidies to address longstanding problems of affordability, particularly for people with middle-class incomes. More taxpayer assistance means, in effect, that consumers who buy their own policies through HealthCare.gov will pay hundreds of dollars less out of their own pockets.

“We have a duty not just to protect it, but to make it better and keep becoming a nation where healthcare is a right for all, not a privilege for a few,” Biden said at the James Cancer Hospital in Columbus, Ohio on Tuesday. “Millions of families will be able to sleep a little more soundly at night because they don’t have to worry about losing everything if they get sick.” Biden’s speech in the capital of a political battleground state is part of a mini-blitz by the White House to highlight the relief package. Newly minted Health Secretary Xavier Becerra will echo Biden’s comments on Tuesday in Carson City, Nevada, and join a Florida-themed Zoom event. Second gentleman Douglas Emhoff will pitch the aid in Omaha, Nebraska….

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