Joe Biden just added an important caveat to vow that if you like your plan, you can keep it – Washington Examiner
Joe Biden on Monday shocked many political observers when he echoed one of the biggest lies of the Obama administration in making the pitch for his own healthcare proposal: If you like your plan, you can keep it. Now, he’s already adding an important caveat.
In an effort to distinguish himself from Sen. Bernie Sanders and the other leading candidates who have embraced getting rid of private insurance, Biden released a plan that would expand Obamacare’s subsidies while creating a new, theoretically optional, government-run plan.
“If you like your healthcare plan, your employer-based plan, you can keep it,” he vowed at an AARP event in Iowa. “If in fact you have private insurance, you can keep it.”
This drew cackles from those who remember the political crisis that ensued when Obamacare was implemented and the changes it wrought to the healthcare system inevitably meant that a few million people would lose private plans that they liked.
As I noted, by promising much more generous subsidies to a larger share of the population and loosening restrictions on enrollment for those with coverage through work, the new Biden plan would likely mean an erosion in employer-based insurance.
It seems that Biden has now decided to recognize that reality, by adding an important caveat.
Speaking to reporters on Thursday, he said, “Under the proposal I have, you’d be able to keep your insurance with your employer — if your employer still is prepared to pay for the insurance.” (The emphasis is mine.)
What’s clear is that Biden’s plan, though it won’t go as far as the plan supported by his rivals that would force all Americans onto a single government plan, would still create dramatic changes that would encourage a certain number of employers to drop coverage. The extent of that lost coverage would depend on the details of the plan.