The Pre-existing Conditions Insurance Plan (PCIP), put into place to cover "new high-risk insurance pools" in the states, received $5 billion to cover these patients from 2010-2014. In 2013, the PCIP was running out of money, even though the number of people Health and Human Services (HHS) thought would sign up was well below the projection. Only about a third of the expected number enrolled, but claims have exceeded expectations. Investor's Business Daily further noted, "In a 2012 report, HHS conceded that it had miscalculated (though not until page 11 of its 15-page report): 'On average, the PCIP program has experienced claims costs 2.5 times higher than anticipated.'" So in 2013, HHS cut off coverage. For the uninitiated, that means ObamaCare is denying coverage to people with pre-existing conditions.
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