Daily Archives: April 11, 2013

$5 bil Pre-existing Conditions Fund Set Up By ObamaCare Already In Red

$5 bil Pre-existing Conditions Fund Set Up By ObamaCare Already In Red – Investors.com.

We’re talking about the Obamacare PCIP (Pre-existing Condition Insurance Plan) that was set up to provide people with pre-existing health conditions insurance coverage until Obamacare plans started January 2014. Key points of this type of plan are (were):

  • Applicants have to have a significant pre-existing condition
  • Coverage could start the 1st of the month if a complete application was received by the 15th of the previous month
  • Applicant could not have had recent major medical coverage
  • There was not waiting period for pre-existing conditions

In other words, for those who knew how to “work the system”, if you qualify for coverage, there’s no need to actually apply for coverage until expenses are on the immediate horizon.

Continue reading $5 bil Pre-existing Conditions Fund Set Up By ObamaCare Already In Red

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