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February 24, 2012

Another Shock: Cost of Providing Care To Those In ObamaCare's High-Risk Pool Doubles Over Initial "Estimates"

Estimates in quotes.

I don't believe they were estimates. They were a sales device.

As when a shifty contractor gives you a completely fake number but won't guarantee it. The number is just there to get him the job. Later he'll start escalating it.

It was a lie from the start.

Medical costs for enrollees in the health-care laws high-risk insurance pools are expected to more than double initial predictions, the Obama administration said Thursday in a report on the new program.

The health-care law set aside $5 billion for a Pre-Existing Condition Insurance Plan, meant to provide health insurance to those who had been declined coverage by private carriers. Since its launch last summer, nearly 50,000 Americans have enrolled in the program.

...

Those who have enrolled in the program are projected to have significantly higher medical costs than the government initially expected. Each participant is expected to average $28,994 in medical costs in 2012, according to the report, more than double what government-contracted actuaries predicted in November 2010. Then, the analysts expected that the program would cost $13,026 per enrollee.

The costs also are significantly higher than those of similar high-risk pools that many states have operated for decades. States spent an average of $12,471 on enrollees in 2008, according to the National Association of State Comprehensive Health Insurance Plans.

"Estimates"

Earlier estimates about what would or would not be taking place in your mouth must now be adjusted due to the unexpected contingency that I felt like nutting.


Via Hot Air.


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posted by Ace at 01:09 PM

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