Geez, now this is a drag–the Pre-existing Condition Insurance Plan (PCIP) which was supposed to be such a panacea for the uninsurable apparently was too popular–in 2 months, the program might be stopping enrollment because, get this–the claim costs were 3 times higher than anticipated. Big surprise!
You have to realize that when you offer something like this, the more desperate people are, the sicker they are, the quicker they will be in line to enroll. The rates on California’s PCIP are really good, and it’s a very rich plan by most peoples’ standards. Combine all of this and it explains why claim expenses ended up being so much higher than anticipated. Read this article from the California Healthline to better understand the problem.
This is only the beginning folks–if government can’t estimate the costs for a relatively small population, how are they going to do it for an entire country?
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