After delaying Medicare cuts until after the election and then delaying the employer mandate, followed by delayed enforcement of a number of key eligibility requirements for the law’s health insurance subsidies, now comes word that another costly provision of the health law—its caps on out-of-pocket insurance costs—will be delayed for one more year.
Limits on out of pocket costs are good and bad for the consumer. They are good in terms of limiting exposure to large expenses, but they also add premium cost to the plan – a LOT.
The administration is finally figuring out what the insurance industry has known for decades – you can’t have your cake and eat it too.
There are costs associated with all of these great benefits that Obama, Pelosi, Reid and other Democrats seem to think we can’t live without. Money doesn’t grow on trees. Policyholders are the ones who fund insurance contracts. Those dollars don’t grow on trees, and every time you mandate more benefits, someone has to pay for those benefits, and that’s the policyholders.
Make that, the taxpayers.
Why the Democrats couldn’t see this coming is beyond belief. They just had to rush something into legislation – anything, in order to claim a legislative victory.
Well, they got it. And now we’re all going to pay for it.
Later, rather than sooner, apparently, as delay has become the name of the game in Washington.