Report: Healthcare law helping cover 50K people with serious conditions

Almost 50,000 Americans with serious medical conditions have gained insurance coverage thanks to the healthcare reform law, the Obama administration said in a new report Thursday.

The law set aside $5 billion for Americans who couldn’t get insurance to join federally or state-run high-risk pools before 2014, when insurance plans will have to accept all applicants regardless of pre-existing conditions. The new report found that enrollment increased 400 percent between November 2010 and November 2011, with about 8,000 new applications per month in the second half of 2011.

The report comes among continued criticism that the program is not meeting its coverage goals. The Medicare actuary had originally predicted that the program would enroll 375,000 people by the end of 2010, but high enrollment costs have frequently been cited for keeping people away. Read more…

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