Biden and Trump address health care for American families

Joe Biden said he will pass Obamacare with a public option. “It’ll become Bidencare,” he said as President Donald Trump accused him of wanting “socialized medicine."
9:54 | 10/23/20

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Transcript for Biden and Trump address health care for American families
Okay, let's move onto American families and the economy. One of the issues that's most important to them is health care, as you both know. Today, there was a key vote on a new supreme court justice, Amy coney Barrett and health care is at the center of her confirmation fight. Over 20 million Americans get their health insurance through the affordable care act. It is headed to the supreme court and your administration, Mr. President, is advocating for the court to overturn it. If the supreme court does overturn that law, those 20 million Americans could lose their health insurance almost overnight, so, what would you do if those people have their health insurance taken away. You have two minutes, uninterrupted. First of all, I've done something that nobody thought was possible. Through the legislature, I terminated the individual mandate. That is the worst part of Obama care, as we call it. The individual mandate, where you have to pay a fortune for the privilege of not having to pay for bad health insurance. I terminated it. It's gone. Now, it's in court. Because Obamacare is no good. But then I made a decision. Run it as well as you can, to my people, great people, run it as well as you can, I could have gone the other route and made everybody very unhappy. They ran it. Premiums are down, everything's down. Here's the problem. No matter how well you run it, it's no good. What we'd like to do is terminate it, we have the individual mandate done. I don't know that it's going to work. If we don't win, we -- I'll have to run it and we'll have Obama care, but it will be better run, but it no longer is Obamacare, because without the individual mandate, it's much different. Pre-existing conditions will always stay. What I would like to do is a much better health care, much better. We'll always protect people with pre-existing. So, I would like to terminate Obamacare, come up with a brand new beautiful health care. The Democrats will do it because there will be tremendous pressure on them and we might even have the house by that time and I think we're going to win the house, okay, you'll see, but I think we're going to win the house. But come up with a better health care, always protecting people with pre-existing conditions. And one thing very important, we have 180 million people out there that have great private health care. Far more than we're talking about with Obamacare. Joe Biden is going to terminate all of those policies. These are people that love their health care. People that have been successful, middle income people, been successful. They have 180 million plans, 180 million people, families, under what he wants to do, which will basically be socialized medicine, he won't even have a choice, they want to terminate 180 million plans. We have done an incredible job on health care and we're going to do even better. Okay, vice president Biden, yes, this is for you, your health care plan calls for building on Obama care. So, what is your plan, if the law is ruled unconstitutional by the supreme court? You have two minutes, uninterrupted. What I'm going to do is pass Obamacare with a public option, become bidencare. The public option is the option that says if you, in fact, do not have the where with all to be -- if you qualify for medicaid and you do not have the where with all, then you are automatically enrolled, providing competition for insurance companies. That's what's going to happen. Secondly, we're going to make sure we reduce the premiums and reduce drug prices by making sure that there's competiti that doesn't exist now by allowing medicare to negotiate drug prices with the insurance companies. Thirdly, the idea that I want to eliminate private insurance, the reason why I had such a fight for -- with 20 conditions for the nomination was, I support private insurance. That's why I didn't -- not one single person wi private insurance would lose their insurance under my plan nor did they under Obamacare. They did not lose their children unless they chose they wanted to go to something else. Lastly, we're going to make sure we're in a situation that we actually protect pre-existing -- there's no way he can protect pre-existing conditions. None, zero. You can't do it in the ether. He's been talking about this for a long time. There is no -- he's never com up with a plan. I guess we're going to get the pre-existing condition plan the same time we get the infrastructure plan that we've waited since '17, '18, '19, '20. I still have a few more minutes. I know you are getting anxious. The fact is, he's already cost the American people because of his terrible handling of the covid virus and the economic spillover. 10 million people have lost their private insurance. And he wants to take away 22 million more people who have it under Obamacare and over 110 million people with pre-existing conditions and all the people from covid are going to have pre-existing conditions. What are they going to do? I have a followup for you, vice president Biden, it relates to something that president trump said. He's accusing you of wanting socialized medicine. What do you say to people who have concerns that your health care plan takes the country one step closer to a health care system run entirely by the government? I say it's ridiculous. It's like saying that, you know, we're -- the idea that -- the fact that there's a public option, that people can choose? That makes it a socialist plan? Look. The difference between the president and I, health care is not a privilege, it's a right. Everyone should have the right to have affordable health care. I'm very proud of my plan. It's gotten endorsed by all the major labor unions, as well as a whole range of other people who, in fact, are concerned in the medical field. This is something that's going to save people's lives and ts is going to give people an opportunity, an opportunity to have health care for their children. How many of you at home are worried, rolling around in bed tonight wondering what in god's name you're going to do if you get sick, because you lost your health insurance, your company's gone under? We have to provide health insurance for people at an affordable rate. That's what I do. Excuse me. He was there for 47 years. He didn't do it. He was now there as haven't for eight years and it's not like it was 25 years ago. It was three and three quarters, it was just a little while ago, right? Less than four years ago. He didn't do anything. He didn't do it. He wants socialized medicine. And it's not that he wants it. His vice president, I mean, she is more liberal than Bernie Sanders and wants it even more. Bernie Sanders wants it. You're going to have medicine. Just like with fracking. We're going to stop fracking. Then he goes to Pennsylvania after he gets the nomination and he goes to Pennsylvania and he says, oh, we're going to have fracking. And you never asked that question. And by the way, so far, I respect very much the way you are handling it, I have to say. But somebody should ask the question. You can ask the question. We do have a number of topics we're going to get to. That's a big question. We're going to get to it. The same thing with socialized medicine. Vice president, your response, please? My response is, people deserve to have affordable health care. Period. Period, period, period. And the bidencare proposal will, in fact, provide for that affordable health care, lower premiums. What we're going to do is going to cost some money. Going to cost $750 billion over ten years to do it, going to have lower premiums, you can buy into the cheaper plans, lower your premiums, deal with unexpected billing and have your drug prices drop significantly. He keeps talking about it. He hasn't done a thing for anybod on health care. Not a thing. When he says -- I want to talk about what's happening on capitol hill. He's talking about socialized medicine and health care. When he talks about a public option, he's talking about destroying your medicare. Wrong. And destroying your social security. And this whole country will come down. You know, Bernie Sanders tried it in his state. He tried it in his state. His governor was a very liberal governor. They wanted to make it work. It was impossible to work. Vice president Biden? He's a very confused guy. He thinks he's running against somebody else. He's running against Joe Biden. I beat all those other people because I disagreed with them. Joe Biden he's running against. And the idea that we're in a situation that we're going to destroy medicare? This is the guy that the act chair of medicare -- at social security said, if he continues to withhold -- his plan to withhold the tax on social security, social security will be bankrupt in -- by 2023. With no way to make up for it. This is a guy who has tried to cut medicare. So, I don't -- I mean, the idea that Donald Trump is lecturing me on social security and medicare? Come on. He tried to hurt social security years ago. Years ago, go back and look at the records. He tried to hurt social security years ago. All right, let's move on, I'm going to move on, Mr. President, I have to move onto the next question. They say the stock market will boom. If I'm elected. If he's elected. The stock market will crash. All right, let's move on. There are analysts saying this. Vice president, very quickly. Look, the idea that the stock market is booming is his only measure of what's happening. Where I come from in Scranton, people don't live off of the stock market. Just in the last three years, during this crisis, the billionaires in this country made, according to Wall Street, 700 billion more dollars. 700 billion more dollars. Because that's his only measure. What happens to the ordinary people out there? What happens to them? Let's talk about -- 401(k)s -- Kristen -- We're going to move on. All right. And he doesn't come from Scranton. That's, like -- he lived there for a short period of time before he -- We're going to move on. And he left. And the people of Pennsylvania will show you that. They understand. As of tonight, more than 12

This transcript has been automatically generated and may not be 100% accurate.

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