What is the penalty politicians pay for being elected under false pretenses and lying to America, while hundreds of thousands of people die. Nothing? That seems to be the case.
Basically, this new report shows that the high risk pool that is supposed to help those with prereexisting conditions who aren't in group plans, who can afford the market rate premiums buy individual insurance until the public option kicks in in 2014, is so underfunded that it will immediately run out of money.
Report: in Senate plan, insufficient funding for those with preexisting conditions
"It was already clear that, under the Senate bill, insurers would not be prohibited from using your health status against you until 2014. In the meantime, they could continue to deny you coverage or charge you higher premiums."
More stories on the report here.
"Now comes word that a program the Senate would create to provide relief until 2014 could run out of money as early as 2011.
That's the assessment of Richard S. Foster, chief actuary at the Centers for Medicare & Medicaid Services, in a Dec. 10 report."
This is proof that the whole "public" part of the health reform program is a sham, designed to fail. But that's not acceptable, because hundreds of millions of Americans can't afford private individual insurance, or any public health plan that is priced competitively with it.
According to the Fed, we stopped being able to afford unsubsidized healthcare around 2000, as costs jumped skyward. NOW, even as they are unwilling to EVEN DISCUSS what they know works, as many as 4/5 of American wage earners can't even afford unsubsidized GROUP insurance, or like COBRA, or any group health plan without a hefty subsidy, any more.
What this means is that Americans should start lining up now to "insure" that they get a place in the risk pool before its closed to new entrants, which will probably happen within a few hours after the doors open, basically "insuring" that only relatives, mistresses, etc. of politicians and lobbyists are covered.
What is a Risk Pool (naschip.org)
So, to recap.. the high risk pool that is supposed to make it possible for people with pre-existing conditions who aren't in a group plan to buy market rate individual insurance is only funded with a tiny fraction of the money it would need, the 5 billion set aside for four years of high risk pool for millions is funded
$5 billion dollars.. for four years, for a whole country..
Thats around $3.61 per American per year.. (when the odds are MANY millions would need help
I suppose they real, but unspoken, reason they feel that not many will afford to be able to buy into the risk pool is because almost nobody can afford individual insurance- a necessary precondition to being able to buy into a risk pool.. the public option for the poor is Medicaid.