BidenCare Means Giving Hundreds of Billions to Insurance Companies

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ne of the dominant debates in the 2020 Democratic primary was over whether the next president should try to eliminate private insurance, or merely rein in the industry by introducing a new government-run option. Yet to this point, President Biden has focused his health-care efforts on giving hundreds of billions of dollars to insurance companies.

As Kimberly Leonard, a former colleague, has written at Business Insider, Biden vowed to take on the insurance industry during the campaign; however, he used the COVID-19 relief bill as an opportunity to provide insurers with an extra $61 billion. This came in the form of

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