Lawmakers study high-risk pools for health coverage
Detroit Free PressPosted: January 31st, 2008 by Steve Trinward
“As Michigan explores new ways to cover consumers who have lost their health coverage, the Legislature is looking to 34 states that have created high-risk health insurance pools as a possible blueprint. High-risk pools provide health insurance to people with costly medical problems — often those who can’t afford to pay the higher costs insurance companies charge for serious health problems incurred after a health policy is first written. The coverage can cost as much as 150% more than healthier people pay, according to several insurance industry groups and nonprofit organizations. For instance, in some states, high-risk pool coverage costs consumers $500 to $1,000 a month in addition to a $1,000 annual deductible.” (01/30/08)
