The Minnesota congresswoman has made her Medicare plan one of the more ambitious Republican presidential candidates to ever run for office.
The Republican Party platform calls for a single-payer system of healthcare, and Bachmann has said that she wants to expand Medicaid and create a “Medicare for all” plan.
The Medicare plan Bachmann unveiled in October would allow for individuals and families to get Medicare benefits if they earn less than $75,000 per year, which would be adjusted to reflect inflation.
It would also allow states to impose eligibility requirements on low-income Americans based on income, rather than income thresholds based on household size.
The plan would also provide tax credits to low- and moderate-income individuals and their families, as well as tax breaks for employer-provided health insurance, paid for through the ACA tax credits.
The plan also proposes to create a program to cover prescription drugs.
It is not clear what kind of prescription drug coverage Bachmann would implement, though the plan does call for Medicare to cover all prescription drugs, including over-the-counter medications.
The current Medicare program covers a relatively small number of prescription drugs for older Americans, and many of those drugs are considered highly expensive by most Americans.
The Congressional Budget Office recently estimated that under Bachmann ‘s plan, the program would reduce the deficit by $500 billion over the next decade.
That figure would be offset by a $400 billion increase in the federal deficit over the same period.
The House plan has not yet been released.