By Sarah Ferris - 03/07/16 11:51 AM EST
The Obama administration is taking steps to make buying health insurance more transparent by rating plans based on the number of doctors and hospitals offered in each network
Federal health officials are looking to open up data about health insurance plans amid mounting concerns about out-of-pocket costs and shrinking networks on ObamaCare plans.
The administration will also announce insurance companies’ new limits on out-of-pocket costs, which were established under ObamaCare to protect customers from exhorbitant medical bills.
Next year, that cap will rise to $7,150 for an individual, up about $300 compared to this year’s limit. The limit will rise to $14,300 for a family.
Critics of ObamaCare have argued that the law’s requirements has prompted health insurers to trim their offerings, paring down the number of the healthcare providers and the services that are covered.
While that lowers the cost of the monthly premium, it means increases in deductibles and co-payments.
The federal definition of out-of-pocket costs, which was created under ObamaCare, counts deductibles and co-payments — but not premiums.
The increase in out-of-pocket insurance costs has been a major campaign issue for Democratic frontrunner Hillary ClintonHillary Rodham ClintonWeld wins Libertarian nomination for VP Sanders supporter challenges Wyo. delegate allocation Dems to Clinton: Ignore Trump on past scandals MORE, who has vowed to take on health insurer companies.