The Dec Page
OK, so that was not the title to this WSJ piece. It was actually called "Subsidies for Older Buyers Give Insurers a Headache." It reports what some older Americans and others with health conditions are quickly finding out, the ACA is going to give them a sweetheart deal:
Prior to the Affordable Care Act (ACA) becoming law, it was common pratice for insurance companies to vary the price of premiums based on things like health status, demographics, industry and the amount of time someone has been on a plan. While those practices are currently still in effect, they will be banned for some plans starting Jan. 1, 2014.
CNBC has a flair for understatement AND slothfulness. They have just discovered a "quirk" in Obamcare that "could financially penalize workers and their families."
Webster's defines "quirk" as a "peculiar trait." I am not sure this qualifies:
This week revealed yet another delay in Obamacare. This one concerns out-of-pocket limit for plans set out in the law. Under this rule out-of-pocket costs may not exceed $6350 for individuals or $12700 for a family after January 1st. The law also provides that for individual plans and small groups under 50 (in Texas or under 100 depending on the state), the deductible is limited to $2000.
Wildfires can spread quickly and be devastating to both life and property, as we saw last month when 19 brave firefighters lost their lives in Arizona. Colorado has been plagued by multiple forest fires this summer, displacing thousands. The Bastrop wildfires in 2011 destroyed over 1,000 Texas homes.