ST. LOUIS — Missouri is dropping rates by 25 percent for the state's new high-risk health insurance pool, a move prompted by lower-than-expected turnout.
The St. Louis Post-Dispatch reported Tuesday that the insurance pool created by the federal health care overhaul was funded for 1,000 applicants in its first year, and about 250 people have signed up since July.
The pool is for uninsured people with pre-existing medical conditions who are unable to afford or obtain coverage on their own. Each state received funds last year to create the high-risk insurance pool. Missouri received $81 million that was funded through premiums and federal grants.