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HHS finalizes over 1,200 waivers under healthcare reform lawBy Sam Baker - 01/06/12 02:26 PM ETRoughly 1,200 companies received waivers from part of the healthcare reform law, the Health and Human Services Department said Friday.Friday marks the last time HHS will have to update the total number of waivers, putting to rest a recurring political firestorm. The department had been updating its waiver totals every month, prompting monthly attacks from the GOP.Republicans say the need for waivers proves that the healthcare law is unworkable. HHS argues that the waivers show the law provides flexibility.All told, 1,231 companies applied for and received waivers from the law’s restrictions on annual benefit caps. The law requires plans to gradually raise their benefit limits, and all annual limits will become illegal in 2014. Companies that received waivers can keep their caps intact until 2014.The waivers cover slightly less than 4 million people, or about 3 percent of the population, HHS said.