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Insurance Pool to Offer Reduced-Rate Coverage
New York Times ^
| April 2, 2010
| Robert Pear
Posted on 04/03/2010 9:02:08 AM PDT by reaganaut1
In one of its first steps to carry out the new health care law, the Obama administration announced Friday that it was establishing a temporary insurance pool where uninsured people with medical problems could buy coverage at reduced rates.
Kathleen Sebelius, the secretary of health and human services, said the program would help provide affordable insurance for Americans who have been locked out of the insurance market.
Federal health officials said the program would be available from late June of this year to Jan. 1, 2014, when private insurers will be required to accept all applicants without varying premiums on account of a persons medical condition.
Under the new law, Ms. Sebelius can sign contracts with states to operate insurance pools meeting federal standards. The federal government can operate the pool directly or hire a nonprofit organization to run it in any state that does not want to do so.
To qualify for the high-risk pool, a consumer must have a pre-existing condition and must have been uninsured for the six months before filing an application.
Premiums in the new program will be set at standard rates, based on the average premiums charged by private insurers for similar coverage in the individual market.
If I have cancer, my rate cannot vary based on my having cancer, said Jeanne M. Lambrew, director of the Office of Health Reform at the Department of Health and Human Services.
Ms. Sebelius may establish a minimum set of benefits. The law specifies a limit on out-of-pocket medical costs, which cannot exceed $5,950 a year for an individual in the pool.
Dr. Lambrew said the new program would build on what works.
A recent study published by the Kaiser Family Foundation says that 35 states have high-risk pools with enrollment that totaled 200,000
(Excerpt) Read more at nytimes.com ...
TOPICS: Culture/Society; Government
KEYWORDS: healthinsurance; obamacare
I'm not against the government subsidizing high-risk pools if it can be done affordably -- the Republicans' plans also do this -- but I don't want the government to destroy the health insurance market for reasonably healthy people by mandating "community rating".
This is the the first foot-in-the-door leading to single payer. “Subsidized”, a euphemism for “paid for by the taxpayers”.
posted on 04/03/2010 9:05:32 AM PDT
More gummit control of your life wrapped in feelgoodism. This could have been done by the private sector if competition were believed in rather than communism.
Pray for America
posted on 04/03/2010 9:07:17 AM PDT
(Throw All the Bums Out, starting with McCain)
Healthy people pay and get nothing, sick people the government pays and collects taxes, insurance premiums just become taxes, insurance has nothing to do with it. The government increases its revenue share of GDP by the total spent on health care in the US. Then it sees medical costs gallop along at 4 times the rate of inflation. So it passes a VAT to pay for that. And around we go.
You can't make anything cheaper by subsidizing it, or refusing to pay for it yourself and getting someone else to. Period.
posted on 04/03/2010 9:10:45 AM PDT
"...the obama administration announced Friday that it was establishing a temporary insurance pool... "
Wasn't the "income tax" originally supposed to be "temporary" too?
A new country is being built by the obama czars behind the scenes...one day will be deluged with a mountain of new laws that will sap our freedoms and finish off America, all done under the cover of a health care debate.
There will no longer be a "Constitution" then, nor will there be a system of laws...it will all be dictatorial and obama will be the dictator.
They are working on laws for everything from oil control, to gun control, and we're worried about obamacare. He's buried our attention in fighting a Constitutional battle to keep us all mad and busy, when he could care less about our health...hell, he murders babies and now wants to take out the old folks as well.
Warning America, a new "dawn" IS coming...but you ain't gonna like it...whether you are black or white.
posted on 04/03/2010 9:14:49 AM PDT
(Those of us who love AMERICA far outnumber those who love obama - your choice.)
...when private insurers will be required to accept all applicants without varying premiums on account of a persons medical condition.
And not even a shot fired...or even a little whimper.
In two years private health insurance will exist in name only.
posted on 04/03/2010 9:19:27 AM PDT
(Trust in God, question everyone else)
How much is this going to cost the taxpayers?
posted on 04/03/2010 9:26:33 AM PDT
(There is only a "Happily ever after" for you if you're the one writing your own script)
If the rate does not cover the risk then it is not insurance. No more than federal flood insurance is
“insurance”. It IS NOT insurance.
posted on 04/03/2010 10:29:17 AM PDT
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