HHS Secretary Kathleen Sebelius announced this week that $51million in grant money through the Affordable Care Act is nowavailable to states to strengthen oversight of insurance premiumsand rate hikes.
The money is the first round of grants through a new $250million grant program to create and strengthen insurance ratereview processes. All states and the District of Columbia areeligible for this first round of grants, according to HHS.
"This is an important step in putting consumers back in controlof their health care," Sebelius said in a press statement. "Thesenew grants will help states protect consumers and small employersby holding insurers accountable for unreasonable insurance rateincreases that have made coverage unaffordable for many Americanfamilies. By strengthening oversight of insurance premiums, thesegrants will help put affordable coverage back within the reach forAmericans who have been hit hard by skyrocketing costs."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
