The Obama administration announced yesterday that its Pre-existing Condition Insurance Plan (PCIP) will lower premium costs by 40% this summer in an effort to attract more customers. As of March 1, only 77 Kentuckians had signed up for the plan.
The PCIP is supposed to provide a bridge to ObamaCare’s grand plan to prohibit insurance companies from denying coverage to people with pre-existing medical conditions by 2014.
The irony of a statement in Gov. Steve Beshear’s February 16, 2011 request for an exemption from ObamaCare seems to have escaped some:
“Kentucky’s marketplace is still recovering from a failed health reform effort in the early nineties that completely destabilized our individual market with the departure of 43 health insurance companies from our marketplace, which left consumers with few insurance options.”
That “failed health reform effort” was of course an attempt to prohibit insurance companies from denying coverage to people with pre-existing conditions.