The Department of Health and Human Services has issued a News Release describing how the Affordable Care Act Grants are working to help contain health insurance premium hikes. The Affordable Care Act earmarked $250,000,000 in health insurance rate review grants. This money is being awarded to states to allow them to do a variety of things to combat or control health insurance premium hikes such as:
· Introduce legislation
· Expand scope of rate review
· Improve rate filing requirements
· Improve transparency and consumer interfaces
· Hire new staff
· Improve IT
Check out the link for a complete copy of the report.