Pre-Existing Condition Insurance Plan Enrollment Is Lower Than Expected
The PCIP was expected to have 375,000 new members, but so far only 50,000 have signed up for the insurance plan. Plus the costs for the people that did sign up are much higher than was expected when the PCIP was initially created.
The PCIP California program was meant to provide affordable health insurance to people with exiting health conditions that prevented them from being able to get regular underwritten health insurance. The premiums for the PCIP plan are less than what the expected costs are supposed to be, so the Federal government is subsidizing the program. In fact, the costs of the program are more than twice as much as was originally anticipated.
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