The Obama administration announced it will stop issuing one-year waivers to insurers for certain provisions that are part of the healthcare reform law, according to a Wall Street Journal news report.
The federal government began granting one-year waivers for insurers to delay implementation of coverage limits under the healthcare reform law. The waivers, which would prevent insurers from restricting annual benefit payouts below $750,000 a year, were designed to give insurers time to revamp coverage. HHS will stop accepting applications for waivers after Sept. 22. Health plans that obtain a waiver by that time will be able to apply for an extension through 2013.