.ryanlcooper: President Biden's medical debt bill could make one of America's healthcare issues even worse
, which is less terrible for individuals but still increases overall costs.)
The veteran forgiveness is probably less important, given that there are relatively few veterans and they are less likely to have this kind of debt in the first place thanks to generally good VA care. We spend about 16.8 percent of GDP on health care — or 5.1 percentage points more than the second-most expensive country, Germany
But the broader health care context is still extremely grim. To start, several important reforms that were part of President Joe Biden’s"Build Back Better" agenda are dead or set to expire now that Sen. Joe Manchin, D-W.Va., blocked the package.
But thanks to Manchin, that hole has been reopened, creating for Democrats an October surprise, when millions of Obamacare exchange enrollees are expected to be notified of gigantic premium increases. For a 60-year-old woman making $56,000 per year in West Virginia, for instance, premiums will explode from $93 to $1,500 per month, according to Walker.
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