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Americans Could Have Saved Hundreds If Obamacare Benefits Had Been In Place From 2001-2008

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"Americans Could Have Saved Hundreds If Obamacare Benefits Had Been In Place From 2001-2008"

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If the individual insurance benefits in the Affordable Care Act had been in place during 2001-2008, the annual out-of-pocket medical spending might have been $280 less on average for Americans, according to a new report from Health Affairs. And the research showed that near-elderly and low-income people might have saved more than $500. One key improvement in the health care reform law establishes limits on out-of-pocket spending for plans offered through the Exchanges and in the individual and small group markets, so “having out-of-pocket expenditures on care exceeding $6,000 would have been reduced for all adults with individual insurance, and the likelihood of having expenditures exceeding $4,000 would have been reduced for many.”

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