ObamaCare included $5 billion for a temporary high risk pool program for two years. Several states cited insufficient federal funds and additional costs to their taxpayers as the reason they didn’t want to run the program. As a result, HHS will run the program in 18 states.
In this Forbes article, a health care analyst concludes that ObamaCare underfunded its temporary high risk pool program.
The Centers for Medicare & Medicaid Services concluded that $5 billion for high risk pools was inadequate. “By 2011 and 2012, the initial $5 billion in Federal funding for this program would be exhausted, resulting in substantial premium increases to sustain the program; we anticipate that such increase would limit further participation.”
In other news:
White Castle restaurant has concluded that ObamaCare will increase their costs, reduce revenue by 55 percent, reduce expansion, and job creation.
For ObamaCare’s potential impact on the ability of nonprofit organizations to get credit, please read this article.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare.