Federal funding should also be provided to help each state set up a High Risk pool.
State regulation is definitely good for teenagers in Boston and for tipsy drivers in the assigned-risk pool.
Advocates say the sweeping expansion will widen the risk pool for insurers and bring down costs for everyone.
Creating a high-risk pool for uninsured folks with preexisting conditions, that wasn't my idea, it was Senator McCain's.
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Adults who are uninsured because of pre-existing conditions will have access to affordable insurance through a temporary subsidized high-risk pool.
This means the risk pool of covered people is more expensive, which means that insurance rates go up for everyone.
This will leave the high-risk pool now has two options: turn to credit unions, or give up on getting a loan.
The risk pool is healthier, and it's all OK. Financial incentives are often how the government gets us to do things.
We also want to get to 100% insurance coverage so the whole country is in the risk pool, which eliminates cherry picking.
The larger your risk pool is, the cheaper insurance usually is overall.
But as these workers leave traditional insurance, the risk pool in other insurance plans will worsen and premiums will rise even faster.
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And then when we heard about the high-risk pool and that it was in effect in July 1st, we got right onto it.
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According to the most recent data released by the Administration, 56, 257 individuals with pre-existing conditions are enrolled in the federal high-risk pool program established under Obamacare.
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Guaranteed issue alone, the argument goes, results in slightly more expensive premiums, which drives healthier individuals out of the risk pool, which in turn further drives up premiums.
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So the family turned to the state's high-risk pool, CoverColorado.
That the Administration is content with high-risk pool enrollment of just over 50, 000 persons with pre-existing conditions shows that the problem of individuals with pre-existing conditions is real, but not insurmountable.
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The new provisions will raise premiums mostly on the young (and healthier) members that plans need to attract into the market in order to make Obamacare viable and the risk pool sustainable.
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He said the Welsh Risk Pool budget was agreed at the beginning of each financial year based on forecasts of how many claims are likely to settle in-year and their potential value.
The final component is a high-risk pool in each state for the uninsured who never get coverage and then become too sick with costly illnesses like cancer or heart disease to buy it.
Anyone ever hear of a collateralized risk pool?
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The uninsured in this case would be able to get coverage as a last resort from the high-risk pool, paying what they can based on their income, with taxes subsidizing the pool to keep it afloat.
Health insurers fear that if the mandate is struck down but the rest of the law survives, they would be forced to accept millions more sick customers without enough new healthy customers to balance out the risk pool.
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Those uninsured who become too sick to purchase health insurance in the market for the first time, perhaps because they have contracted cancer or heart disease, for example, would be assured of guaranteed coverage through the risk pool.
And while insurance companies will be prevented from denying coverage on the basis of pre-existing conditions once the exchange is open, in the meantime there will be a high risk pool where people with pre-existing conditions can purchase affordable coverage.
The 34 others have some form of guaranteed "high-risk-pool" capped-cost coverage that is nonetheless expensive enough to drown many potential customers in debt, and limited enough to pile large out-of-pocket costs on those who can afford the premiums.
That works well for economic reforms, but in social policy it fails to pool risk efficiently.
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Insurance is based on the notion that it makes sense to pool risk.
That rules out traditional insurance, so Islamic banks have instead developed takaful, in which a group of people pool risk.
Dr. JOSEPH MASON (Associate Professor of Finance, Drexel University's LeBow College of Business): Some of the securities created can be safer than the underlying risk of the pool.
Massachusetts ex-governor and former healthcare reformer himself, Mitt Romney, is advocating abolishing Obamacare altogether while endorsing reforms such as allowing individuals to purchase healthcare insurance across state lines, increasing the tax-free savings limits for medical expenses, and allowing small businesses to pool risk for insurance discounts.
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