Federal Pre-Existing Pool broke

I heard about this two weeks ago and called the Federal PCIP Plan.  Their message says essentially we have no money, cannot accept any new applications, and even if you have coverage with us we may not be able to pay your claims! – Reeve

Lack of coverage cover up?

By | April 17, 2013 •

Bet you never saw this one coming.

House Republicans burned the midnight oil this week to draft
legislation to actually strengthen the Patient Protection and Affordable
Care Act. After dozens of failed attempts to repeal the landmark
legislation– at a cost of God knows how much time and taxpayer money –
it look like House Republicans are taking the more practical, if
belated, approach to fixing this broken mess.

Congressmen drafted the House bill, dubbed the “Helping Sick
Americans Now Act,” to provide additional funding for the Pre-Existing
Condition Insurance Plan, the high-risk pool the new health law created
as a way of bridging the gap for those with pre-existing conditions
until the PPACA is fully implemented.

The legislation would simply transfer funds from the Public Health and Prevention Fund to PCIP.

After exhausting all other options, are they finally coming to terms
with the fact that this law’s here to stay? Or is it the fact that this
particular fund is already flat-broke? And a full year sooner than
expected? Seriously, the fund burned through a whopping $5 billion in
three years.

And what was the administration’s reaction to this “unexpected”
shortfall? Oh, well, to shut it down. Never mind that whole extending
health care coverage to all Americans business. The campaign’s over.
It’s time to get back to real life.

There are a number of unsettling things about this story. One, that
the administration was so quick to write off such a critical component
of this law. Two, according to published reports, the program actually
enrolled less than a third of the people they expected to – and the well
still ran dry in record time.

So, honestly, what kind of confidence can any of us have in the cost
(and coverage) projections for the rest of Obamacare? I know, I know.
We’ve gone down this road before, but this is a pretty solid test case
the law clearly failed. This does not bode well for January, when we see
this blown up on a much larger scale.

It’s worth commending, though, the House Republicans who stepped
forward to address this mess without letting it get swept quietly under
the rug. I’m sure they have their ulterior motives, but I can live with
that in this case. Who knows, maybe compassionate conservatism is back?

Speaking of which, just where is the mainstream media coverage of this debacle? That’s what I thought.