Congress Passes Rare Bipartisan Amendment To Obamacare

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CongressThere is not a lot that Democrats and Republicans can agree on with respect to Obamacare, but on April 1, 2014 the President signed into law a Medicare bill which had a provision tucked inside that will bring some important changes to the small employer insurance market. The problem that needed fixing was that Obamacare originally capped deductibles to $2,000 for individuals and $4,000 for families. Any plan in the small group or individual market with higher deductibles would be illegal. 

The Department of Health and Human Services issued a waiver for 2014, because a whopping 96% of the plans in the bronze tier (the lowest tier) exceeded those caps. This fix will do away with those caps permanently.

Topics:  Affordable Care Act, Barack Obama, Deductibles, Healthcare Reform, Medicare

Published In: Elections & Politics Updates, Health Updates, Insurance Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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