This is a tad bit sneaky…..did you know this? It happened in Feburary! Another SPECIAL DEAL for SPECIAL PEOPLE. This time the insurance industry?
The Obamcare limit on your out of pocket costs that was supposed to protect you from big costs was waived in February by the Obama Aministration for at least TWO YEARS. That means ‘sky is the limit’ for your out of pocket costs. Note how the New York Times describes the 2 year waiver “under a little noticed ruling.” I would describe it as ‘yes, once again, the little guy gets hit.’
The Obama Administration didn’t make a big deal out of this SPECIAL DEAL GIVEN IN FEBRUARY because they know you would have been furious at the unfairness. Per the NYT, the Obama Administration kept this injustice to you “obscured in a maze of legal and bureaucratic language.”
Who got the SPECIAL DEAL? You?
NOPE….you got the opposite!
A Limit on Consumer Costs Is Delayed in Health Care Law
By ROBERT PEAR
WASHINGTON — In another setback for President Obama’s health care initiative, the administration has delayed until 2015 a significant consumer protection in the law that limits how much people may have to spend on their own health care.
The limit on out-of-pocket costs, including deductibles and co-payments, was not supposed to exceed $6,350 for an individual and $12,700 for a family. But under a little-noticed ruling, federal officials have granted a one-year grace period to some insurers, allowing them to set higher limits, or no limit at all on some costs, in 2014.
The grace period has been outlined on the Labor Department’s Web site since February, but was obscured in a maze of legal and bureaucratic language that went largely unnoticed. When asked in recent days about the language — which appeared as an answer to one of 137 “frequently asked questions about Affordable Care Act implementation” — department officials confirmed the policy.
The discovery is likely to fuel continuing Republican efforts this fall to discredit the president’s health care law.
Under the policy, many group health plans will be able to maintain separate out-of-pocket limits for benefits in 2014. As a result, a consumer may be required to pay $6,350 for doctors’ services and hospital care, and an additional $6,350 for prescription drugs under a plan administered by a pharmacy benefit manager.
Some consumers may have to pay even more, as some group health plans will not be required to impose any limit on a patient’s out-of-pocket costs for drugs next year. If a drug plan does not currently have a limit on out-of-pocket costs, it will not have to impose one for 2014, federal officials said Monday.
The health law, signed more than three years ago by Mr. Obama, CLICK HERE