That’s what a report out a short time ago shows about the Affordable Care Act.
- An average annual savings of $280 in annual out-of-pocket spending for medical care and drugs,
- Average out-of-pocket savings of $589 for those 55-64 and $535 for those 26-64 with low incomes, respectively, and
- Near elimination of out-of-pocket expenses over $6,000 for all adults and a reduced likelihood of those expenses over $4,000….
- Getting rid of lifetime limits and phasing out annual dollar limits on most benefits,
- Setting a minimum medical loss ratio or 80/20 rule for insurers, generally requiring rebates if less than 80 percent of premiums are spent on health care and quality, and
- Lowering out-of-pocket spending limits even further for low-income Americans.