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Not Enough Money for High-Risk Pools, CBO Says
Health Leaders Media

The high-risk insurance pools established by the Patient Protection and Affordable Care Act, which are supposed to be ready to launch by July 1, could cost three times as much as initially planned, according to new analysis from the Congressional Budget Office.

In a letter this week to Sen. Michael Enzi (R-WI), ranking member on the Senate Committee on Health, Education, Labor, and Pensions, CBO Director Douglas Elmendorf said that the high-risk insurance pools could cost the federal government $10-$15 billion through 2013, significantly more than the $5 billion that was appropriated in the initial legislation.