Democratic presidential candidate Joe Biden speaks at a drive-in rally in Miramar, Florida on October 13, 2020. (Photo by JIM WATSON/AFP via Getty Images)

Democratic presidential candidate Joe Biden speaks at a drive-in rally in Miramar, Florida on October 13, 2020. (Photo by JIM WATSON/AFP via Getty Images)

( – Democrat Joe Biden and his fellow Democrats rail against President Trump and Republicans for wanting to get rid of the Affordable Care Act, with its high premiums and co-pays and limited options for millions of Americans.

But even Biden isn’t satisfied with the law as it now stands.

At a campaign stop in Miramar, Florida on Tuesday, Biden urged a larger role for government in Americans’ health insurance coverage, including bigger subsidies and expanded Medicaid/Medicare:

“Together, we’ll build on the Affordable Care Act by adding–by adding a new health insurance option, a not-for-profit option, to give private insurers a real competitor,” Biden said.

“We’ll increase (government) subsidies so premiums are lower cost to get more coverage, lower deductibles, lower out-of-pocket expenses.

“And by the way, anybody, anybody who qualifies for Medicare, but lives in a state like your governor that doesn’t allow for 800,000 people to have it, will automatically be enrolled. It’s wrong.”

Biden meant “anyone who qualifies for Medicaid”; Florida has not expanded Medicaid under the Affordable Care Act. But Biden also could have been thinking about Medicare for all, which has always been the goal of Democrats.

According to the Biden-Sanders Unity Task Force Recommendations, Democrats will secure universal health care through a public option, as follows:

Private insurers need real competition to ensure they have incentive to provide affordable, quality coverage to every American. To achieve that objective, we will give all Americans the choice to select a high-quality, affordable public option through the Affordable Care Act marketplace.

The public option will provide at least one plan choice without deductibles, will be administered by the traditional Medicare program, not private

Find all of the most important pandemic education news on Educating N.J., a special resource guide created for parents, students and educators.

New Jersey is raising the income limits so more families are eligible for a new state program designed to dramatically cut childcare costs for school-age kids who are remote learning during the coronavirus pandemic.

The annual income cap for the New Jersey School-Age Tuition Assistance Program has increased from $75,000 to $150,000, Gov. Phil Murphy announced Monday at his latest coronavirus briefing in Trenton.

The state program provides up to $634 a month to cover childcare costs for students between ages 5 and 13 attending schools that are remote learning due to the coronavirus pandemic.

“This will allow more families to receive the support they need to afford childcare,” Murphy said.

The money from the $150 million program can be used to pay for daycare centers, YMCAs, camps or other licensed childcare providers offering programs to looks after students who can’t go to class because their schools are remote learning every day or several days a week.

The state began taking applications for the program last month. Those who were rejected because their family income was more than $75,000 should reapply under the new $150,000 income limit, state officials said.

Under the program:

— Families can apply online at Applicants will be asked to provide a copy of their school’s remote learning schedule and proof of their gross household income, such as pay stubs and tax forms.

— The money is available for students between ages 5 and 13 whose schools are remote learning either every day, part time or a few days a week.

— Children in licensed childcare centers could be eligible for up to $634 a month for full-time care or $317 a

(Bloomberg) — Stimulus steps by the Bank of Japan this year are prompting issuance of longer debt to fall, to the detriment of fund managers chasing the extra yield on such securities.

Sales of company notes due in more than five years have dropped 38% in the fiscal year started April 1. Offerings maturing in shorter periods have jumped 35% to a record, according to Bloomberg-compiled data going back to 2009. The shift comes after the BOJ decided to lengthen the maturity of corporate bonds it purchases to five years from three years.

chart: Deal Split

© Bloomberg
Deal Split

The central bank’s corporate debt buying, which it began in 2009 and expanded this year, has helped firms rushing to secure cash to ride out Covid-19. Company notes tend to be riskier than government bonds, so the BOJ’s focus on shorter maturities for the corporate securities helps it avoid locking into those for too long. But the shift in issuance it’s sparked is a headache for active fund managers who would prefer to have a fuller menu of longer notes with juicer yields.


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“The BOJ’s corporate bond buying operation has helped issuers and the Japanese economy, but it’s challenging active managers’ abilities to continue with their strategies,” said Yusuke Ueda, chief credit analyst at Mitsubishi UFJ Morgan Stanley Securities Co.

Read more: Decade of BOJ Corporate-Debt Buying Shows High Bar for Exit

Companies have also been reluctant to sell longer-dated bonds because they can often get cheaper rates by borrowing from banks, which are flush with deposits and eager to lend as a result of BOJ programs to boost loans.

Bonds sold in September by Daiwa House Industry Co., a home builder, highlight the gap in yields between different maturities. Its 10-year debt carried a coupon of 0.3%, while three-year notes