The U.S. Department of Health and Human Services (HHS) says it wants to let states perform the health insurance exchange-related functions they really want to perform and have HHS handle the other functions.
Officials from the Center for Consumer Information and Insurance Oversight (CCIIO), an HHS arm that is overseeing HHS implementation of many components of the Patient Protection and Affordable Care Act of 2010 (PPACA), talked about the proposed federal-state partnership program today at a meeting for regulators from states using HHS grants to explore the idea of setting up health insurance distribution exchanges.
If PPACA takes effect as written and works as drafters expect, the exchanges are supposed to help individuals and small groups use a new system of tax-credit subsidies to buy private health coverage buy 2014. HHS has said that a state can choose to be home to one exchange or several exchanges, or let HHS take care of providing exchange services for its residents.
A state also will be able to decide which insurers can participate in an exchange and, to some extent, which products can be sold through an exchange.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 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.
Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
