Does Obamacare limit premiums?AP: Cancer, MS patients may face outrageous costs under Obamacare
Though the Associated Press acknowledges that insurers are forecasting double-digit premium increases for individual policies, it is also quick to note that the Obama administration says the industry warnings are overblown.
California Covereds Dana Howard further argued that consumers will be protected because the law limits total out-of-pocket costs the deductibles and copayments that policy holders are responsible for, apart from monthly premiums. In California, the annual out-of-pocket limit for an individual is $6,400, although it can be as low as $2,250 for low-income people.
But thats still a lot of money, and if you are a smoker, for instance, insurers are allowed to charge you up to 50 percent higher premiums. For a 55-year-old smoker, the penalty could reach nearly $4,250 a year, on top of the standard premium
Quit smoking fckers!
How does the insurance company prove that someone is a smoker?