Letter: Out-of-pocket limits will help

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