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Significance

A congressional battle looms over Biden’s healthcare reform plans: elements are opposed by Republicans and progressive Democrats. Biden proposes to offer federally provided health insurance to all US citizens.

Impacts

Biden will use subsequent COVID-19 aid packages to advance his healthcare agenda, including funding community health centres.

Biden will likely push to allow more medicine purchases from abroad, creating an opportunity for European and Asian pharma firms.

Healthcare tax credits would make private healthcare more attractive and affordable for consumers.

A public health insurance option would reduce the insurance risks facing private health insurers.

The pharma industry will expend vast sums bankrolling politicians and lobbyists to fight Biden’s healthcare plans.

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