November 8, 2010

A little more than 8,000 have enrolled nationwide

The Obama administration "government economists" had projected that around 375,000 would enroll this year in the new Pre-Existing Condition Insurance Plan but that as of last week, a little more than 8,000 have enrolled. The reason? Premium. The premium for individuals in their 40's and 50's can range between $400-$600 a month. In response to the low enrollment, HHS announced it plans to reduce premiums by up to 20% and will be offering three choices next year in hopes that more will enroll in the program.

To learn more about the HHS plan to modify the High Risk Pools, check out the November 8, 2010 NAHU Newswire.

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