Nearly 50,000 Americans suffering from serious medical conditions
are now insured as a result of the health care reform law, according to a new report this week.
The Pre-existing Condition Insurance Plan (PCIP) program
earmarked $5 billion to fund federal or state high-risk pools for Americans who didn’t qualify for insurance before 2014, when insurers will be required to accept applicants with pre-existing conditions.
Enrollment in the high-risk pools rose 400 percent between November 2010 and November 2011. During the second half of last year, the pools received approximately 8,000 new applications per month, the administration said.
"The PCIP program has changed tens of thousands of lives, and in many cases, literally has saved lives," the report said.
The largest percentage of enrollees is made up of people aged 55 and older, with more women enrolled than men, according to the report.