State High Risk Pools for the Medically Uninsurable

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.