Politics: Biden Echoes Obama’s Broken Vow to Keep Existing Health Plans - PressFrom - US

PoliticsBiden Echoes Obama’s Broken Vow to Keep Existing Health Plans

01:50  16 july  2019
01:50  16 july  2019 Source:   bloomberg.com

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The " Keep Your Health Plan Act of 2013," sponsored by Republican Rep. Obama ' s fix allows only individuals whose policies were canceled in 2013 to re-enroll in their plans next year, while the Upton bill would allow insurers to sell the plans to new customers and would not be limited to just one year.

Assuming HealthCare .gov' s technical problems are largely fixed by November' s end, as Obama administration officials have reassured, Democrats "Now if you had one of these substandard plans before the Affordable Care Act became law and you really liked that plan , you were able to keep it.

Biden Echoes Obama’s Broken Vow to Keep Existing Health Plans© ASSOCIATED PRESS Former Vice President and Democratic presidential candidate Joe Biden speaks during a presidential candidates forum sponsored by AARP and The Des Moines Register, Monday, July 15, 2019, in Des Moines, Iowa. (AP Photo/Charlie Neibergall) (Bloomberg) -- Democratic presidential front-runner Joe Biden repeated one of former President Barack Obama’s broken promises, vowing that Americans who like their current insurance plans could keep them.

As the former vice president rolled out his proposal to add a public insurance option to the Affordable Care Act, he promised that it would let people keep their existing plans.

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Because Obama straight up lied, and not just about health insurance. You see, while relevant to the The president's assertion that "if you like your plan , you can keep it" was misinformed at best and What troubles me most, though, is that Obama ' s big " broken promise" about the ACA (see the TIME

Following is the transcript of President Obama ’ s State of the Union address, as transcribed by the Federal News Service. OBAMA : Mr. Speaker, Mr. Vice President, members of Congress, my fellow Americans: tonight marks the eighth year that I’ve come here to report on the state of the Union.

“If you like your health care plan, your employer based plan, you can keep it,” he said at a candidate forum in Des Moines, Iowa. “If in fact you have private insurance, you can keep it.”

In the fight to pass the Affordable Care Act in 2010, Obama helped assuage Americans’ concerns about the dramatic changes to come by promising, “If you like your health care plan, you can keep it.”

That turned out to be less than accurate. While the 2010 law allowed existing plans to be “grandfathered” in, any small changes meant that policies had to meet new standards and ultimately ended up being canceled by insurance companies. Millions of plans were canceled in the years immediately after the law was enacted and Obama eventually apologized for not being able to keep his promise.

Biden and wife made more than $15 million in last two years

Biden and wife made more than $15 million in last two years Biden and wife made more than $15 million in last two years

Following is the prepared text of President Obama ’ s speech to Congress on the need to overhaul health care It would also keep pressure on private insurers to keep their policies affordable and treat their Second, we've estimated that most of this plan can be paid for by finding savings within the

President Obama had pledged publicly at least 36 times that his health care plan , known as Obamacare, would not force people who liked their current

Political consultants frequently point to Obama’s promise as exactly what not to do when offering a new proposal.

Read More: As Opponents Tout Medicare for All, Biden Leans Into Obamacare

The vow Biden made Monday stems from his determination to maintain a robust private health insurance market even as other Democratic candidates are pushing for Medicare for All, which would do away with private insurance. Biden asked for a show of hands from the crowd at the AARP-Des Moines Register forum of people who like their current private plans or the ones they had before retiring. Under Medicare for All, they’d be told “finished, you can’t have it anymore. You cannot have it. Period,” he said.

Biden’s proposal, which would cost $750 billion over its first decade, would create a public option that Americans could choose instead of employer-based or individual plans. He’s not yet said how the costs and benefits of the public option would stack up to existing private insurance plans, nor how he’d ensure that existing plans would be kept in place even as a public option would change the insurance marketplace. His campaign did not immediately respond to a request for comment on how he’d fulfill his promise.

To contact the reporter on this story: Jennifer Epstein in Washington at [email protected]

To contact the editors responsible for this story: Alex Wayne at [email protected], Wendy Benjaminson, Max Berley

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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