Letter: Out-of-pocket limits will help

AnchorageOctober 6, 2013 

What I consider one of the most important benefits of Obamacare that’s getting almost no media attention is the yearly out-of-pocket limits.

With medical costs the No. 1 reason for personal bankruptcy, this is going to be a huge change. Most individuals will have a yearly limit of about $10,000, families about $20,000, after premiums, deductibles and co-pays. Still a lot, but within the range that family and friends can actually help with fundraisers, etc.

That’s compared to the hundreds of thousands of dollars with the old system. Or even millions, since most policies had lifetime limits of as little as a few million and companies could often just cancel your policy if you got too expensive.

Maybe we’ll need a bankruptcy lawyer bail-out.

— Tom McGrane

Fairbanks

Anchorage Daily News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service