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In reply to the discussion: Obama administration quietly approves new Obamacare loophole benefiting insurance companies. [View all]Divernan
(15,480 posts)Headline: Cost-control plan for health care could cost you
From The Detroit News: http://www.detroitnews.com/article/20140516/POLITICS03/305160048#ixzz327ExpmcM
The Obama administration has given the go-ahead for a new cost-control strategy called reference pricing. It lets insurers and employers put a dollar limit on what health plans pay for some expensive procedures, such as knee and hip replacements.
Some experts worry that patients could be surprised with big medical bills they must pay themselves, undercutting financial protections in the new health care law. That would happen if patients picked a more expensive hospital even if its part of the insurers network.
The administrations decision affects most job-based plans as well as the new insurance exchanges.
From The Detroit News: http://www.detroitnews.com/article/20140516/POLITICS03/305160048#ixzz327ESzKZz