Senate Bill Will Be Enough To Cover Pre-Existing Conditions
Will the Senate Bill now pending to replace ObamaCare be adequate to
meet the needs of Americans with pre-existing conditions? The
question looms large in the decision-making process of many Republican
"moderates." Initially, in April 2010, the CMS Officer of the Actuary (OACT) estimated that 375,000 people would need coverage under PCIP. But, in 2012, only 134,708 actually needed -- and got -- coverage. And the actual cost of PCIP in 2012 was $4.4 billion, well below the amount allocated annually in the Senate bill. The average cost of PCIP coverage came to $32,108 per patient. Half of the money went to cover only 5,927 people, 4.4% of the total. In 2010 and today, experts wildly overestimated the number and cost of covering those with pre-existing conditions. But now we have experiential data, not just guesswork to measure the adequacy of our response. So lets not overestimate the extent of the problem of those with pre-existing conditions. The $70 billion in the Senate bill is more than enough and the option always exists to change the law to let the 6,000 very ill people into Medicare for coverage even though they are under 65. To Republicans: For goodness sake don't let over-estimates of the difficulty of covering pre-existing conditions lead you to vote against this bill and renege on your promises over the past seven years. (Thank you to Michael Cannon of CATO for this info.) Subscribe to Dick's Newsletter COPYRIGHT 2017, DICK MORRIS AND EILEEN MCGANN. http://list.dickmorris.com/t/937843/1277433/13120/8/ |