Accessible and affordable health insurance is critical to maintaining a healthy nation, both physically and financially. For workers and families, health insurance can greatly reduce—and even eliminate—out-of-pocket medical costs. Higher rates of health insurance coverage also create economy-wide benefits, including more productive communities and greater economic mobility.

Action by Democrats in Congress and the current administration prevented millions of families from falling below the poverty line in 2021. Even as the coronavirus pandemic and ensuring recession threatened the lives and economic well-being of countless Americans, federal policies were remarkably effective at mitigating the economic effects of the pandemic.

Giving children born in the United States an automatic childhood savings account, a “Baby Bond,” would ensure that everyone is able to start adulthood with the financial stability to pursue their goals.