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Under The Affordable Health Care Act insurers were given until 2014 to align their systems and policies to ensure all consumer out of pocket health expenses were capped by 2014. Technological challenges have delayed these savings until 2015.
Winnipeg, Manitoba (PRWEB) August 30, 2013
By provision of The Affordable Health Care Act, signed by President Obama three years ago, out of pocket expenses, co-pays and deductibles for all health care costs were to be capped at $6,350 for individuals and $12,700 families. According to a recent [New York Times article the Obama administration has given insurers and employers a one-year grace period to comply with the policy, citing technological issues.
While insurers and employers were given four years to comply with the out of pocket health cost limits, it appears that many benefit administrators have struggled to make their computer systems communicate with each other in order to track individual’s various out of pocket health care costs. A senior administration official [stated, “We knew this was an important issue. We had to balance the interests of consumers with the concerns of health plan sponsors and carriers, which told us that their computer systems were not set up to aggregate all of a person’s out-of-pocket costs. They asked for more time to comply.”
The delay of this important consumer protection law comes on the heels of another one-year delay to a provision of Obamacare that was announced last month. The provision in question required larger employers to offer health coverage to full time employees. David Zimmer, President of TheCanadianPharmacy.com responded to this news stating, “The provisions of The Affordable Health Care Act are crucial to a large proportion of U.S. consumers who are struggling on a daily basis to afford their health care costs. This delay in the enforcement of out of pocket health cost caps is terrible news for many who are struggling with chronic health conditions and high health and drug costs. We want to let U.S. consumers know that we can help them reduce their drug costs right now with potential savings in excess of 50% on medications they currently obtain from their local pharmacy.”
The Canadian Pharmacy has been providing its customers significant cost savings on their medications for over 10 years. As a CIPA certified online Canadian pharmacy and international prescription service The Canadian Pharmacy provides substantial savings on the cost of prescription medications.
About The Canadian Pharmacy:
Located in Winnipeg, Manitoba, The Canadian Pharmacy is accredited by CIPA, MIPA, and the Better Business Bureau and has earned a 5-Check rating from PharmacyChecker.com. Every staff member is also CIPA-certified. Licensed and experienced pharmacists, physicians, pharmacy technicians, and customer service specialists are always available to provide assistance and answer questions about your medication and care. For more information, please visit https://www.thecanadianpharmacy.com/.
The Canadian Pharmacy
Read our full press release at PRWeb.com.