Trump vs. Biden on Health Issues
With a pandemic upending all our lives and the future of the Affordable Care Act in question, American voters will be laser-focused on health at the presidential election in November. The following is a recap of Donald Trump and Joe Biden’s plans.
Biden vows to protect the Affordable Care Act (also known as the ACA or Obamacare) and buttress it with a Medicare- public option for those over age 60. He also promises to keep healthcare costs down for all Americans, whether they choose a public or private option.
“No family buying insurance on the individual marketplace, regardless of income, will have to spend more than 8.5 percent of their income on health insurance,” Biden declares on his campaign site, noting that this will lower the cost from a current maximum of 9.
86 percent of income.
What Critics Say According to The Hill, Biden’s policies don’t go far enough in making healthcare affordable for most families, and won’t accomplish universal coverage, the goal of proposed single-payer plans Medicare for All.
Trump kicked off his presidency in 2016 with a promise to end the ACA, claiming that it unfairly requires people to buy costly insurance or pay a heavy fine.
By joining forces with the then-Republican-controlled Congress in 2017, he eliminated key provisions of Obamacare, including the penalty for not buying health insurance. On June 26 of this year, Trump asked the Supreme Court to declare the ACA unconstitutional; a ruling on the issue is expected this fall.
On the campaign site PromisesKept.com, Trump claims his administration has expanded healthcare access to Americans in need, including 2.5 million people in rural areas.
What Critics Say According to The New York Times, Trump’s policies would significantly reduce access to healthcare for most Americans and leave 23 million people uninsured in the midst of a pandemic.
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Trump touts telehealth in coronavirus pandemic fight
Calling it a “historic breakthrough,” the Trump administration Tuesday announced an expansion of telehealth services for seniors in an effort to Americancs from visiting doctor’s offices in person and risk spreading or catching the novel coronavirus.
“Medicare patients can now visit any doctor by phone or videoconference at no additional cost,” Trump said during a White House press briefing noting this will help seniors given the coronavirus' respiratory impact often results in particularly severe symptoms for seniors
How “telehealth” works is patients can — among other services — consult with a medical professional via mobile phone or computer.
The health care industry is worth roughly $10 trillion, accordin to a recent report from Kenneth Research, with telehealth companies comprising of 23 percent of the market over the next five years.
Here is a look at some of the companies in the telehealth sector
|TDOC||TELADOC HEALTH, INC.||176.16||-5.83||-3.|
Recognized by many across the industry as the founder of telehealth services, it launched in 2005 laying the groundwork for mobile health services.
It's now recognized as the oldest and largest platform for Telehealth services offering affordable healthcare services in 130 countries. Patients can speak to a doctor via the web, phone, or mobile app in less than ten minutes.
In March, Teledoc's market capitalization was around $9 billion, making it the leader in telemedicine.
Teledoc stock closed up a just short of one percent Tuesday.
Telus Corporation is a Canadian based Telecommunication company that entered the telehealth industry in the spring of 2019 while launching its Babylon app. Now it's telehealth services have roughly 2500 customers.
Telus broke into telehealth to serve a dire need in Canadian health care system — the need for an alternative to the national health care system.
Telus stock was up more than 6 percent Tuesday.
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CareClix is a telehealth Software as a Service combining Online Medical Suites with clinical patient data and diagnostic medical workflow that enables patients and doctors to perform consultations similar to face to face consultations.
Its program coordinates with board-certified physicians around the world to offer a variety of telehealth services, including video examinations and consultations. CareClix also operates a provider care group, allowing physicians to offer their patients general and specialized services on demand around the clock.
Care Clix patients also are able to file and track claims online. Unique to other telehealth companies, Care Clix eliminates the need for a phone. You can also schedule telemedicine visits online and update them anytime through the self-scheduling feature.
Care Clix is a subsidary of Solei Systems, which is traded as over-the-counter (OTC) stock. The OTC is a decentralized market where stocks are traded directly between two parties without a central exchange or broker. Solei's stock was down more than 9 percent Tuesday.
Doctor On Demand
Doctor on Demand is quite literally is a doctor on demand. The Telehealth service allows patients to connect with doctors over a live video call. Doctors treat patients for a range of moderate medical conditions such as a sore throat, sports injuries, rashes, and flu symptoms.
Last month, Doctor On Demand announced the launch of Synapse, the first of its kind to-market fully-integrated platform that allows health plans and employers to deliver primary care services virtually.
Investors in the company include Richard Branson, Qualcomm Ventures and Goldman Sachs Investment Partners.
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If you are caught with an emergency on vacation and are looking for emergency care, ICliniq has a virtual hospital service. The company founded in 2012, offers online access to a catalog of specialty doctors, and the platform caters specifically to expatriates and travelers.
Patients have access to physicians at all times of the day and night and pay a flat fee to get their health questions answered.
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