On the 12th day of repeal, the GOP took from me: no more caps on coverage.
The Affordable Care Act (ACA) has banned insurers from setting annual and lifetime limits on health coverage on 179 million privately insured Americans. Before the implementation of the ACA in 2009, nearly 6 in 10 covered workers’ employer-sponsored health plans had a lifetime limit, according to the Kaiser Family Foundation.
Repealing the Affordable Care Act means insurance companies would be able to impose annual and lifetime limits on coverage for those insured through their employer or on the individual market. For example, without the ACA, a 40-year-old patient with cancer would face a premium surcharge of anywhere between $30,000 to $140,000. And without the ban on annual and lifetime caps, the cancer patient – whose costs for treatment average about $150,000 – could quickly reach their plan’s limit and face the devastating choice of continuing treatment or facing financial ruin.