Senate Panel Agrees To New Method To Pay For High-Risk Insurance Pool

Senate leaders rolled out a new way today to pay for thousands of chronically ill people who are uninsured or can't afford coverage.

The bill creates an insurance pool to offer coverage to people
with high-risk health conditions.

The version that passed the House in April would have required a fee on insurers for each traditional customer. Senate members didn't like that idea, as small business lobbyists complained the cost would be passed on to their policies.

The new version approved by the Senate Commerce Committee today
would pay for the insurance pool largely through repealing an insurance tax credit for small businesses who insure their workers.
Senator Tony Rand says he's been told the credit hasn't been used
much since its creation.

The bill goes to another committee.