How many are uninsurable because of pre-existing conditions?

Michael Cannon cites two studies that say the pre-existing condition problem is rare. An HHS study says 1% of Americans have been denied coverage because of a pre-existing conditions.  He also sites a study by economists who say the uninsurable is less than 1% of the population.  Cannon then reminds us that the individual market pools risks well, and that allowing insurers to risk-rate premiums would encourage innovative products like health status insurance.

HHS Wildly Overstates the Problem of Pre-Existing Conditions — and Ignores Its Cause | Cato @ Liberty.

Also check out John Goodman‘s post:

Although the most important parts of ObamaCare [HR 3590] (the individual mandate, subsidies, employer fines, etc.) do not kick in until 2014, the legislation made interim provision for those with pre-existing conditions problems. A new kind of risk pool is open to anyone who is denied insurance in the private sector and it’s available for the same premiums healthy people pay. Twenty-three states are operating their own risk pools and 27 are relying on a federal plan.

It’s been like giving a party to which no one comes. The Medicare program chief actuary predicted last spring that 375,000 would sign up for the new risk pool insurance in 2010. But by the end of November, only 8,000 had done so.

Whole post here: Health Problem Quantified, and the follow up, How Big is the Pre-existing Condition Problem?

See also this post on guaranteed renewable insurance.

Goodman.

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  • Miko

    Wouldn’t have been easier to change the medicaide/medicare laws to give these people healthcare that is needed? If they have the ability to pay but are unsurable give them medicaide/medicare, but they will pay a fee appropiate. The other portion who have chronic health issues, are uninsurable but don’t have the ability to pay ,  change the medicaide/medicare laws so they qualify.
       It would be far cheaper to insure 30,000 instead of this other scheme Obama came up with.

    ie, forcing 20 million young healthy people to buy insurance they don’t need at an elevated price