Officials with a national healthcare consumer organization say a component of the Healthcare Reform Act will be a big benefit to Hoosiers once it takes effect in 2014. The Affordable Care Act places spending caps on the amount families and individuals would have to pay for out-of-pocket costs. The group Families USA, conducted the study to analyze the impact if those caps were in place now. Executive Director Ron Pollack says more than 300,000 Hoosiers under age 65 will spend more than what the out-of-pocket would be if the caps were in effect right now.
“An individual will not be required to spend more than $5950 for their healthcare. For families they will not be required to spend more than $11,900 a year,” said Pollack.
Pollack says half of those Hoosiers who are paying more than the capped amount work for small businesses. He says they face the highest amount of out-of-pocket expenses because of the high deductibles associated with their health care plans.