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State High Risk Pools for the Medically Uninsurable |
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State High Risk Pools for the Medically Uninsurable In the United States, a pool of liquidity sponsored by the state government for persons who, because of a severe illness or pre-existing condition, cannot purchase health insurance. One pays a premium (which is comparatively high due to the level of risk); the pool pays for medical expenses for policyholders up to a certain point and, in most respects, operates as a regular insurer. The main difference is the lack of need for profit, which enables the government to provide the insurance in the first place. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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