Does the bill give states the power to allow insurance carriers to sell policies with insurance caps and with restrictions on pre-existing conditions? I believe the House version of the bill did.
If the states will do that. They cannot request a waiver unless they establish, fund, and manage a high-risk pool. Or unless they sign on to a currently non-existent federal high risk pool. Without the waiver then insurance companies are required to pick up the responsibility. States are going to have a hard enough time dealing with the Medicaid funding reductions, you really think that a lot of them are going to take on the responsibility for paying and managing a high risk pool as well?