facebook
twitter
search
search

Critics doubt McCain health plan costs

July 9, 2008 at 10:07 AM
| License Photo

WASHINGTON, July 9 (UPI) -- Healthcare experts are questioning the feasibility of likely Republican U.S. presidential nominee John McCain's plan to subsidize high-risk insurance pools.

Such state-run, high-risk pools are used by 35 states as stop-gap measures to provide health insurance for about 207,000 people who otherwise cannot obtain coverage from private insurers. In April, McCain, R-Ariz., announced that if elected president he would expand federal support for state high-risk pools or create a structure modeled after them, The Washington Post reported Wednesday.

But skeptics say it would take far more than the $10 billion McCain foresees the program as costing.

His proposal would be a huge increase over the $50 million per year that Congress appropriates in grants to the state pools. But some analysts told the newspaper they question whether even $10 billion would be nearly enough, given that the states spend about $2 billion to insure 207,000 people.

"I do not for a minute think it will cost 7 to 10 billion dollars a year," Karen Pollitz, a Georgetown University professor who has studied high-risk pools, told the Post. "It may cost 7 to 10 billion dollars a week."

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Maine man dead after shooting firework off head, police say
Greeks vote overwhelmingly to reject creditors' bailout
Russian resupply spacecraft docks onto ISS to deliver needed provisions
'Serial stowaway' arrested again at Chicago's O'Hare, Midway airports
Third disturbance in four days erupts at Arizona prison