Limits on consumer costs in health care law delayed

The below article outlines the most recent updates to the Affordable Care Act.

Published August 13, 2013 by Legal Monitor Worldwide:

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 copayments, 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, in 2014.

To read the entire article, click here:?Limits on consumer costs in health care law delayed – Legal Monitor Worldwide