The federal government will be sending California $118 million in funds to support its health coverage of adults who have a pre-existing medical condition in 2012. The Pre-Existing Condition Insurance Plan (PCIP) has been federally funded and state run since 2010, to make sure that those who would be otherwise uninsurable would be able to obtain coverage, regardless of the medical conditions that have either caused insurers to deny them a policy or to charge astronomical premiums. The PCIP functions as a transition to provide this necessary coverage until 2014,…
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California enrollment period for Pre-Existing Condition Insurance Plan coming to a premature end
In California, enrollment in the federal Pre-existing Condition Insurance Plan may be coming to a premature end. The plan is an offshoot of the Affordable Care Act and aims to bring affordable insurance coverage to those with chronic illnesses and other pre-existing conditions that kept private insurers away for years. Lawmakers had originally set the enrollment limit in California to 23,000 people. The costs of running the program, however, seem to be much more than first estimated, and California legislators have lowered the enrollment limit to a scant 6,800. With…
Read MoreSubsidized California health insurance program fails to meet enrollment goals
A subsidized program for health insurance in California that offers consumers an affordable form of protection when they have pre-existing medical conditions, has managed to break the 5,000 member level at its first birthday, but this was notably lower than the anticipated enrollment. The state had received $761 million from the federal government in order to operate the program until the 2014 start of the new healthcare insurance requirements for state-run insurance exchanges as a part of the Obama Administration’s healthcare overhaul. At the start of this subsidized insurance program,…
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