You Can’t Keep Your Medication, Either: More Obamacare Issues Revealed
The Daily Sheeple
December 10th, 2013
If you like your medication…too bad, because you probably won’t be able to keep it – at least, not without paying a fortune for it.
Prescription drug coverage – or the lack thereof – is the latest unpleasant surprise consumers will face courtesy of Obamacare.
Here’s how prescription drug coverage “works” under Obamacare.
Under the ACA, prescription drug coverage is one of 10 “essential benefits.” This means that all plans are required to cover at least one drug in every category and class in the U.S. Pharmacopeia, the official list of approved medicines. Many drugs will not be covered at all, and if a consumer needs a certain medication and pays cash for it, the cost won’t count against out-of-pocket caps. Lists of drugs that plans agree to provide some coverage for under Obamacare are called “formularies.”