One of the earliest stipulations of Obamacare has been axed due to a lack of funding. In my opinion, the Pre-Existing Condition Insurance Plan is one of the most important aspects of Obamacare and sadly it’s being cut off. The PCIP is an insurance program that ensures that people with pre-exisiting conditions such as cancer, heart issues, etc. cannot get turned down by insurance companies. PCIP has served more than 135,000 but it will be running out of money so they will not be taking any new patients. The PCIP provided the “needed security to some of our nation’s sickest people.” Started January 1, insurance companies are no longer allowed to refuse anyone because of poor health. Read more below.
The enrollment in the PCIP will be ending immediately in 23 states. Enrollment has already been low due to high premiums because they are more than the program originally thought it would be. Thus far the administration shows that the program has spent $2.4 billion in taxpayer money and almost $180 million administrative costs while Congress only set away $5 billion for the program.
Spotted at HuffPost
