Obamacare Limit on Consumer Costs To Be Delayed a Year
The implementation of Obamacare is suffering another setback, after it was discovered that a rule establishing a maximum limit in the out-of-pocket expenses people may have to spend on their own health care will be delayed until 2015.
The health care law stipulates that individuals will not have to spend more than $6,350 per year on their own, including deductibles and co-payments, while families would not spend more than $12,700.
But a little noticed rule in the legislation grants a one-year grace period to some insurers, allowing them to set higher limits or no limits at all on some costs in 2014, The New York Times reports.