Is your state health insurance risk pool a good option for you?

Is your state health insurance risk pool a good option for you?

In March 2010, Congress passed a new Health Care Reform Bill. One of the many components of this Bill is the creation and funding of state health insurance pools that will help people gain access to insurance that were otherwise turned down for health insurance. Backed by a 5 Billion dollar subsidy, the health care risk pool will provide states with the ability to offer premiums and health care for those uninsured and with pre-existing medical problems. But is this State health insurance risk pool a good option?

First, we need to further understand the details of State health care risk pools.  State insurance risk pools are a type of health care program created by state legislatures to provide health care for the medically uninsurable due to pre-existing health conditions.  A risk pool in these cases is really helpful as it provides the bare minimum insurance to those in need.

A study by United Health Foundation reported that 15.9 percent of Americans have no health insurance.  For those insured, 60 percent have health insurance through a group or employer.  The remainder is made up of individuals covered by government health care, military programs and other federal programs and private health insurance.  For people without insurance, they have no other option than to purchase individual health insurance from private health insurance companies. For people with existing medical conditions or other health problems, finding a health