PCIP funding cut.
The big print news was PCIP stopped accepting new applications in March, 2013. But if you read the small print (which we missed at the time) the message was more ominous.
Eighteen states have decided to turn their state Pre-existing Condition Insurance Plan (PCIP) programs over to the U.S. Department of Health and Human Services (HHS), HHS officials said Tuesday.
HHS officials have asked states with state-based PCIP programs to accept a fixed, lower-than-expected budget allocation for the rest of the year or else shut down the state-based programs and put the enrollees in the federal PCIP program.