Biden said his $ 1.9 trillion US bailout builds on the foundation of the Affordable Care Act by expanding health care coverage and reducing premiums.
COLUMBUS, Ohio (CN) – On the 11th anniversary of the Affordable Care Act on Tuesday, President Joe Biden visited a cancer research and treatment hospital in Ohio and touted his plan to help Americans weather the health and economic crises during the remainder of the pandemic beyond.
After visiting James Cancer Hospital and the Solove Research Institute at Ohio State University in Columbus as part of his “Help is Here” tour, the president called the Affordable Care Act a “historic achievement” and noted that the law had helped to spread the influence. hospital oncology department with a grant of $ 100 million.
The president reiterated his desire to “end cancer as we know it” during his tenure.
“It’s within our grasp,” he said. “Just as DARPA (Defense Advanced Research Projects Agency) has helped us bring everything from the Internet to GPS, I’m going to suggest to my friends in Congress to launch a similar operation at the Department of Health called ARPA-H, to make new health breakthroughs and find cures for cancer and other diseases, by investing millions of dollars in pharmaceutical companies for research they are unwilling or not doing the capacity. I know we can find breakthroughs. ”
Biden said his $ 1.9 trillion US bailout builds on the foundations of the Affordable Care Act by expanding health care coverage, reducing premiums and covering those who have lost their care. insurance when they lose their job by covering COBRA insurance for up to six months.
“On this anniversary, we must remember how close we came to losing this act for which we fought so hard,” he said. “And we have a duty not only to protect it, but also to improve it and continue to become a nation where health care is a right for all and not a privilege for a few.”
Biden announced the extension of a special enrollment period, telling Americans they have until Aug. 15 to sign up for a plan through the Affortable Care Act.
Eric Sieber, PhD, who is the director of the Center for Health Outcomes and Policy Evaluation Studies at Ohio State, said in an interview with Courthouse News that the effects of the Covid-19 pandemic on insurance markets are still unknown.
“We know that 20% of Americans have lost their jobs, but we don’t yet have the data to know where they got their insurance coverage,” he said, adding that the broader healthcare market could fill these gaps.
The American Rescue Plan also focuses on increasing the supply and distribution of vaccines and helping individuals and businesses that have suffered economically as a result of the pandemic.
“Through no fault of their own, millions of people have lost their jobs. Children are hungry through no fault of their own. Millions of Americans are unable to make their mortgage or rent payments, ”Biden said, highlighting the plan’s $ 1,400 stimulus payments that many Americans have recently received that have helped more than $ 10 million. Ohians.
Sieber said the latest round of payments was “essential for households.”
“A lot of them really struggled, and this round really kept them afloat,” he said. “Many past stimulus payments have been recorded and used over time, but this cycle is used immediately, to pay the bills.”
Biden said his plan’s support for small businesses will help keep them open and noted that economists “left, right and center” have acknowledged that expanding small business lending “will create more than $ 7 million. additional jobs and increase economic growth ”.
The president also discussed the tax credits available under the US bailout, touting the expansion of the earned income credit and tax credits for parents. “It will change your life. He believes this will do more to end child poverty in America more than anything we’ve ever done.
President Biden reminded Americans to stay socially aloof and wash their hands, as recommended by the CDC. “And get vaccinated when it’s your turn.” It is a patriotic responsibility that you have. “