We’ve already seen the Obamacare administration put the breaks on the employer mandate until after the 2014 midterm elections while individuals continue to suffer with insurance loss, fewer working hours and uncertainty but now, Forbes is reporting the Obamacare cost caps will also be delayed for at least a year.
First, there was the delay of Obamacare’s Medicare cuts until after the election. Then there was the delay of the law’s employer mandate. Then there was the announcement, buried in the Federal Register, that the administration would delay enforcement of a number of key eligibility requirements for the law’s health insurance subsidies, relying on the “honor system” instead. Now comes word that another costly provision of the health law—its caps on out-of-pocket insurance costs—will be delayed for one more year.Continue reading →