Another "Unexpected" ACA Set Back

Remember last week's State of the Union Address (more on that shortly) where the President said "Already the Affordable Care Act is helping to reduce the growth of health care costs."?  Well, as with so many of his statements, the devil is in the details - as many states found out just a few short days later....

Citing financial concerns, the Obama administration has begun quietly winding down one of the earliest programs created by the president's health care overhaul, a plan that helps people with medical problems who can't get private insurance.

In an afternoon teleconference with state counterparts, administration officials said Friday the Pre-Existing Condition Insurance Plan will stop taking new applications. People already in the plan will not lose coverage.

But I thought the whole reason we had to have this bill rammed down out collective throats was so that those who had no insurance were able to get it?  To help those that the evil, looking out only for the bottom line health insurance companies were screwing over?

In documents provided to the states, the administration said the program has spent about $2.4 billion in taxpayer money on medical claims and nearly $180 million on administrative costs, as of Dec. 31. Congress allocated $5 billion to the plan.

"From the beginning (the administration) has been committed to monitoring PCIP enrollment and spending closely and making necessary adjustments in the program to ensure responsible management of the $5 billion provided by Congress," PCIP director Richard Popper wrote in a memo. "To this end, we are implementing a nationwide suspension of enrollment."

That is the problem - pre-existing conditions are expensive and if you promise to cover everyone with a pre-existing condition, you are going to run into these kinds of problems.

The good news/bad news part of this story....

Enrollment around the country has been lower than expected, partly because some people could not afford the premiums. But individual cases have turned out to be costlier than originally projected.

So to summarize, the plan is out of money and it can't serve everyone it promised to serve because they had to (in order to cover costs) make premiums too high for many to afford.  Yep - sounds just like an insurance company....

But no one could have foreseen this unfortunate situation......right?  No one except for every right-o-sphere blogger who ever wrote about the ACA before it was passed.  No one except those who actually READ THE DAMN BILL before it was passed.  But hey, no one on the LEFT could see it coming.  Their eyes were too blinded by the color of the skin of the person who proposed the legislation to care.....

Written by LL.

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