Today’s short post on Obamacare and how it is harming us all: Americans will lose their drug choices as well, as Obamacare limits the number of drugs covered under health insurance.
The co-pay structure, and the out of pocket caps on consumer spending only apply to costs incurred on drugs that are included on a plan’s drug formulary. This is the list of medicines that the health plans have agreed to provide some coverage for.
If the drug isn’t on this formulary list, then the patient could be responsible for its full cost (with little or no co-insurance to help offset that cost).
Most of the Obamacare plans have “closed” formularies where non-formulary drugs aren’t covered. Moreover, the money consumers spend won’t count against their deductibles or out of pocket limits ($12,700 for a family, $6,350 for an individual). <source>