Why Hasn't Anyone Signed Up For the High-Risk Health Insurance Pools? - http://www.theatlantic.com/busines...
Jun 3, 2011
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"I've predicted that lots of parts of Obamacare will not work the way they're expected to. But here's one I wouldn't have predicted: the high-risk pools, which were meant to tide people over until 2013, have signed up just 18,000 people as of March."
- Christopher Galtenberg
"It was estimated by Medicare's Chief Actuary that around 400,000 would sign up (the CBO estimated 200,000, but only because they assumed that HHS would use its authority to limit enrollment in order to stay within the $5 billion budgeted for the program). So where are all the uninsurable people?"
- Christopher Galtenberg
"The administration is now loosening the requirements (you just need a note from a doctor or nurse saying you've been sick in the last year) and lowering premiums. But this doesn't mean that they're finally covering more "uninsurables"; it just means they've decided to use the money allocated for those people to cover someone else. They're changing the "high-risk pools" to something that looks a lot more like simply subsidizing insurance. But the goal wasn't to spend the $5 billion that HHS got in its budget; the goal was to provide insurance for people who want to buy insurance, but can't find a company willing to write it."
- Christopher Galtenberg