Well, it's not an "entitlement", that would be MediCaid, which is medical-welfare. But rather, a High Risk Pool Association is a insurance-like financial structure, that can be completely sustained by private funding once established by the state. HRP patients should be paying a premium just like anyone else.
Done properly, it's not even expensive, however, just like an insurer, a lot of money will flow through it.
The reality is, that there will be relatively few patients in the HRP at a time.
Actually it IS a "conservative act" in that it's in the best interest of the insured community AND the carriers, by keeping premiums/claims low, and enrollment high. Most of the HRP states were Red states.
Of course everything I said above could be all mucked up since it is now in the hands of Congress, but MS, NH and many other states managed to get it right.
And just how is private funding going to sustain it? It didn't sustain the pools that existed before Obamacare, what will change now?
Done properly, it's not even expensive, however, just like an insurer, a lot of money will flow through it.
Please describe how a proper pool is done?
The reality is, that there will be relatively few patients in the HRP at a time.
But those that are there will cost a lot. Far more than can be funded by premiums alone.