After experiencing claims that have now totaled twice the average for the country, the struggling high-risk health insurance pool in Colorado has now asked the federal government for additional funding of almost $15 million more than originally anticipated. Colorado has already received $90 from a total pool of $5 billion in federal money for assistance in carrying out an element of the country’s healthcare reform which involved insuring high-risk uninsurable individuals. The funds were meant to hold out until the insurance regulations are fully in place in 2014, at which…
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Problems with Ohio’s high-risk insurance pool bode ill for residents with chronic ailments
Last year, Ohio legislators approved a plan to establish a high-risk insurance pool in the state in order to appease new federal health care laws. The program was meant to attract residents who have had trouble obtaining insurance coverage in the past due to high-risk illnesses or chronic conditions. With more than 1,800 people currently enrolled in the plan, legislators are now seeing higher-than-expected costs in keeping the program afloat. In an attempt to mitigate the rising costs of the program, legislators have now limited enrollment. The program was meant…
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