Joe Biden unveiled a White House study on the rise of health insurance premiums. He pressed for consumer protections the President wants to see in any reform legislation. Among these are a pledge to pass a law that “ends exorbitant out-of-pocket expenses, deductibles or co-pays.” Presumably this is meant to address worries many feel over the growth of high-deductible health plans.
The St. Petersburg Times looked into it to find out what this pledge means, in practical terms. David Axelrod at the White House pointed them to the proposed House legislation, which would create limits on out-of-pocket expenses, deductibles and co-pays of $5,000 a year for an individual, and $10,000 a year for a family.
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*This blog post was originally published at See First Blog*