Democratic presidential candidate Sen. Kamala Harris released the details of her healthcare plan July 29, a few days before the second Democratic presidential debate.
Five things to know:
1. The California senator's plan includes a role for private insurance companies. Under her plan, people could either purchase government-administered insurance plans or buy plans from private payers, according to NPR.
2. "We will allow private insurers to offer Medicare plans as part of this system that adhere to strict Medicare requirements on costs and benefits," writes Ms. Harris. "Medicare will set the rules of the road for these plans, including price and quality, and private insurance companies will play by those rules, not the other way around."
3. Ms. Harris calls for a shifting to an expanded Medicare system over a 10-year period. This is longer than the four-year transition period included in Vermont Sen. Bernie Sanders' plan, according to CNN.
4. Mr. Sanders' plan includes an additional 4 percent income-based premium on households making more than $29,000. Ms. Harris' plan exempts households making below $100,000 and incudes a higher income threshold for families living in high-cost areas, according to CNN. To pay for this change, Ms. Harris' plan would tax stock trades at 0.2 percent, bond trades at 0.1 percent and derivative transactions at 0.002 percent.
5. A campaign aide told CNN that Ms. Harris' proposal would also cap out-of-pocket costs at $200 and expand Medicare's coverage to dental, vision and long-term care.
Access the full CNN article here.
Access the full NPR article here.
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