Affordable Health Insurance

Medical and Insurance High Risk Pool

June 13th, 2011

The high- risk pool was given birth through the passage of the Patient Protection and Affordable Care Act to assist those adult individuals with one or more pre-existing conditions. There are many individuals who are unable to access an insurance policy where the initial quote for self employed health insurance is affordable. In most cases, individuals with one or more pre-existing condition find that the medical and insurance rates they are receiving far exceed what they are able to afford from the household budget.

Under the enactment of the affordable care act all children are now extended the convenience of being covered for all pre-existing conditions at the expense of the affordable health insurance providers, but is this the right approach? Are you stunned at how much higher your annual insurance policy has increased upon renewal at the beginning of the year? Perhaps this will help you to understand why the rates have doubled and in a few cases almost tripled.

The federal government may have made the decision for the insurance provider to pick up the added expense, but who is really paying? Some pre-existing conditions are not a big expense for the insurance providers to absorb, but there are many others that are. Children are born with many different congenital diseases and long-term diseases that will be very costly during the span of life. How can a medical and insurance provider absorb this kind of cost without raising the rates of the health insurance plans?

These are obviously some of the costs that the insurance provider must pass along to all the subscribers whether they intended for this to happen or not. At the moment, it is the children who are being afforded the benefits arising from the affordable care act, but it will not be forever. The cost for self employed health insurance rises each year and the cost for medical care regarding children is no different.

The public was cheering when they became enlightened that their children could remain on the parent’s insurance policy, but they forgot to consider how the cost was going to be distributed for this to become realty. Many parents were delighted of the prospect that they would not have to purchase a separate affordable health insurance policy for their nineteen year old, but the insurance provider added this additional cost to the renewal policy of the parents anyway. What did you think would happen? Now add the cost of the annual physicals for each child in the family unit. Do you still believe all this extra service is free?