The idea behind a high-risk pool was to provide a safety net for people with pre-existing conditions struggling to find coverage.
The high-risk pools, however, were critically underfunded, making monthly premiums for some patients double what they would be for a healthy individual, Cox said.
“If you got into a high-risk pool, you might have had an exclusion on your coverage for six to 12 months,” Cox said.
“When it doesn’t, it collapses.”Graves said that the U.S. could move back to a high-risk pool model but it would require “a massive amount of government subsidies to work.”“They would basically have to infuse the high-risk pool with enough subsidies to keep premiums affordable for people,” he said.
“We had isolated pre-existing pools for the past 25 years, and they don’t work.”
Persons:
Sen, JD Vance, Ohio, “, ”, Arthur Caplan, Cynthia Cox, ” Cox, Cox, John A . Graves, Tim Walz, ” Walz, ” Graves, Caplan, ” Caplan
Organizations:
Republican, NYU Langone Medical, Vanderbilt University School of Medicine, Democratic, Minnesota Gov
Locations:
New York City, Nashville , Tennessee, U.S