I have written about this before but it burns my hide every time a new article appears describing it. The Associated Press explains in detail how many insurance companies put a cap on how much they will cover for an individual subscriber. Example after example is given where an illness to a young child maybreak that cap quite easily. As the cost of healthcare goes up, families are eating through these caps faster and faster; at which point they are screwed. So the insurance companies not only are increasing the deductible on one end but are squeezing down the maximum on the other. The saddest part about this is that these rare situations where families reach these $1 million or $2 million caps are not ones in which they are abusing the system. They usually are from catastrophic illnesses like cancer or transplants. Amazingly enough the insurance companies walk away from them without a second thought. As detailed in a previous WSJ piece, so do many hospitals. Pitiful.
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