Federal Insurance Pool Could Be Risky Proposition for Taxpayers
D.C. offers higher benefits, lower premiums ... and can't pay its way
RALEIGH (By Karen Welsh, Carolina Journal Online) — Two plans. Two options. Too many?
North Carolina and the federal government now offer separate, side-by-side plans to provide health insurance to individuals with pre-existing conditions. Insurance providers often find these individuals too expensive to cover under traditional plans, so the high-risk pools are set up to reduce some of the costs of coverage.
To date, 4,162 individuals have registered in the state program, paying an average of $561 a month, and 158 have enrolled in the federal pool, paying one-third less than those enrolled in the state pool.
Both options are considered temporary, stopgap measures until the Affordable Care Act takes full effect in 2014.
RALEIGH (By Karen Welsh, Carolina Journal Online) — Two plans. Two options. Too many?
North Carolina and the federal government now offer separate, side-by-side plans to provide health insurance to individuals with pre-existing conditions. Insurance providers often find these individuals too expensive to cover under traditional plans, so the high-risk pools are set up to reduce some of the costs of coverage.
To date, 4,162 individuals have registered in the state program, paying an average of $561 a month, and 158 have enrolled in the federal pool, paying one-third less than those enrolled in the state pool.
Both options are considered temporary, stopgap measures until the Affordable Care Act takes full effect in 2014.
posted by BP News Bureau | 9:54 AM
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