NYT:
A Limit on Consumer Costs Is Delayed in Health Care Law
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.
See, here is the thing .. if I have NO INSURANCE and I get sick, I have no cap, and now if I have insurance I have no cap. But now it costs MONEY to to have no cap.
Once again, breathtaking incompetence, blindingly torturous explanation to make sense of of stupidity, and utter amazement that the stream of excuses continue with straight faces.
2 comments:
A while back, when I had to make some decisions about health insurance, a friend that I trust said the following: "Always get a policy with a maximum out-of-pocket limit. If a catastrophic medical event strikes, that maximum is the only amount that can be used as a lien against your home."
So, I chose a policy with an affordable maximum-out-of-pocket limit for Mr. AOW. $5000.
Not long thereafter, the bad thing happened here -- Mr. AOW's stroke. Boy, was I glad that I had chosen a policy with a maximum out of pocket!
80/20 would have left us with a bill of nearly $40,000!
You have to pay to be part of the system, so that you can pay.
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