July 1, 2010, Marks a Day of Hope for Uninsured Americans with Preexisting Medical Conditions

Under the national health care reform bill signed into law by President Obama earlier this year, insurance companies will no longer be allowed to refuse to sell health insurance coverage or refuse to renew health insurance coverage because of an individual’s preexisting medical condition.  However, this provision of the health care bill does not become effective until January 1, 2014.

So, in the interim, in order to alleviate the financial burden on Americans who currently suffer from preexisting conditions and who remain uninsured because of it, the federal government has set aside $5 billion so that states can establish what are called, “high risk insurance pools.”