Lawmakers want to cap annual deductible payments

March 19, 2012 5:50:13 PM PDT
In honor of the two-year anniversary of the enactment of the Affordable Care Act, lawmakers will introduce legislation that would cap annual deductible payments for medical expenses under an insurance plan at $5,950 for a single patient or $11,900 for a family.

"AB 1800 would cover the more expensive specialty tier prescriptions for patients with chronic conditions like cancer, multiple sclerosis and HIV," said Assm. Fiona Ma, D-San Francisco.

The $5,950 cap for an individual and $11,900 cap for a family came from the Federal Affordable Healthcare Act. That law is supposed to be fully implemented in California by 2014, but some say they can't wait that long for financial relief.