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Tuesday, August 13, 2013

More Serfdom Via ObamaCare


From the New York Times on August 12, 2013:
A Limit on Consumer Costs Is Delayed in Health Care Law

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 health law, signed more than three years ago by Mr. Obama, clearly established a single overall limit on out-of-pocket costs for each individual or family. But federal officials said that many insurers and employers needed more time to comply because they used separate companies to help administer major medical coverage and drug benefits, with separate limits on out-of-pocket costs....
Read the rest HERE.

A rude awakening is coming, that's for sure. But the time the awakening occurs, individuals and families will be far along the road of serfdom.

And the Obamamaniacs continue to sing his praises. Unbelievable!

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