Rates Drop for High Risk Insurance Plan

Uninsured California residents who can’t get private coverage because of pre-existing health conditions are about to get a break: premiums for state-sponsored coverage financed by the federal government will be coming down by about 18 percent. State officials said Tuesday they hope the lower rates will make the program more accessible to the people who need it, especially since so far only about 3,500 Californians have enrolled for coverage and the state has the ability to provide it to about 24,000 people. The subsidized plan is one of the first elements of the federal health reform to kick in. The program is intended to help people find coverage until 2014, when insurance companies will be required by law to sell coverage to everyone, regardless of their medical condition, and to stop charging different rates to different people based on their health.

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