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Sen. Bernie Sanders (I-VT) on Saturday officially unveiled his plan to eliminate $81 billion of medical debt, detailing the proposal on his website.
Sanders, who has promised to overhaul the healthcare system by abolishing private insurance and implementing Medicare for All, released his official plan in a tweet linking to his website Saturday, writing, “79 million Americans are burdened by medical debt for the ‘crime’ of getting sick. We’re going to eliminate all past-due medical debt”:
He states on his website:
“It is immoral and unconscionable that families across the country are being evicted, having their heat disconnected, or having their already-inadequate wages garnished because of crippling medical debt while the health care industry made more than $100 billion in profits last year.
Sanders - Plan - Debt - Negotiations - Government
Sanders’ plan would erase $81 billion in medical debt via negotiations between the federal government and “collections that have been reported to credit agencies.” However, he does not explicitly detail how he will pay for the expensive proposal.
“We’re addressing it on both ends.” Sanders said of his healthcare overhaul, according to the New York Times.“We’re addressing it now by trying to help the people who have past-due medical bills.”
Healthcare - System - Coverage - People - Premiums
“And we’re addressing it by finally creating a healthcare system that guarantees coverage to people without any premiums, without any deductibles, without any out-of-pocket expenses,” he added.
Another big piece of his proposal involves reforming the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which Sanders calls a “disastrous piece of legislation that benefited Wall Street and the credit card companies while causing severe economic pain and financial distress for ordinary Americans throughout the country”:
Bankruptcy - Bill - System
The bankruptcy bill reinforced and strengthened a rigged financial system that...
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