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Risk Pools Help Medically Uninsurable

Risk Pools Help Medically Uninsurable

As of 2007, almost 16% of the total Americans were uninsured. State health high-risk pools were made to help Americans who are able to buy medical insurance but are refused getting affordable health insurance by private insurance companies due to their pre-existing conditions. Risk pools help medically uninsurable people by all possible means.

Problem about getting healthcare in U.S.

According to the U.S. Census Bureau, most of the Americans -

  • Almost 60% are medically covered under their employer group medical insurance plans.
  • 27% people is covered under government-aided healthcare by means of different programs such as children's healthcare programs, Medicaid, military healthcare, and several state-funded programs for the low-income people.
  • The left over population are either self-employed or working in companies that don't offer healthcare coverage. And, in both the cases people have to buy health insurance through private insurers.

Risk pools help medically uninsurable population getting medical coverage.

There are various health insurance plans with different costs and benefits, and available in every state for the people who have been healthy. But, the problem arises when someone has a pre-existing condition or has a history of high-risk factors.

Health insurance companies are not interested to sell health insurance to the people who really need this. After all, they want more dollars as premiums than they pay for benefits and company's establishment costs. They earn more by selling insurance to a business; since it has both healthy and sick employer. The insurance companies spend the dollars they earn from healthy consumers for the benefits of the sick ones.

“One” is lonely

When someone is buying a policy, it is underwritten individually. He or she then essentially considered as 'one' by the insurance companies. And, in that case they always try to get more dollars as premiums than they pay back as benefits.

In this way, necessity for state health insurance high risk pools comes in; risk pools help medically uninsurable. Risk pools were started in 1976 in Minnesota.

  • Risk pools help those who are refused by the private insurance companies.
  • Risk pools help medically uninsurable.

Health insurance high-risk pools are available in 34 states and helping almost 200,000 Americans getting healthcare coverage. Although, the number is so small, if you consider the total number of uninsured Americans, but still for many Americans it is the only way to get rid of dead-end-job that provides healthcare benefits and to switch over to a prospective job or to have self-employment.

Risk pools and their standard

Risk pools are basically state-aided and state-operated non-profit organizations that mostly do not need tax dollars for operational purpose. These pools can act as temporary stopping point for those who are refused to get coverage or seeking a temporary coverage. Most of the risk pools do an outstanding job for the medically uninsured people; however, some can't, since they are not well-designed or not properly funded by the respective state or they are just unaffordable.

Risk Pools Help Medically Uninsurable  Get Your Free Medical Insurance Quotes Now!

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