HHS Allocates $51 Million For Health Insurance Exchanges - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Healthcare // Analytics
News
7/30/2010
12:08 PM
50%
50%

HHS Allocates $51 Million For Health Insurance Exchanges

Up to $1 million in grants per state will be available from the Department of Health and Human Services to help establish health insurance exchanges.

The Department of Health and Human Services (HHS) announced Thursday the availability of up to $1 million in grants per state to help states begin work to establish health insurance exchanges. The department also published a request for comment calling for public input as HHS develops standards for the exchanges.

Starting in 2014, improved choices will be offered through health insurance exchanges -- new, competitive, state-run and consumer-centered health insurance marketplaces. The exchanges will require the development of a robust health information technology infrastructure that will store and present insurance data and offer eligible customers and businesses a secure website where they can compare health insurance plans and purchase health insurance easier.

"With most states struggling to keep their budgets in balance, these grants will give them the resources to conduct the research and planning needed to build the health insurance marketplace of the future," HHS Secretary Kathleen Sebelius, said in a statement. "We are working hand-in-hand with states as we carefully implement the exchanges to make sure they best meet people's health insurance needs."

The Patient Protection and Affordable Care Act authorized grants to the states to help them design and establish exchanges in time for millions of Americans to choose their coverage for 2014. This first round of exchange grants will give states resources to conduct the research and planning needed to build a better health insurance marketplace and determine how their Exchanges will be operated and governed.

HHS said in a statement that while each state has the option to establish and operate its own exchange or partner with another state or states to operate a regional exchange, if a state fails to create an exchange for its residents, HHS will help establish one on their behalf. Grant applications are available at http://www.healthcare.gov/center/grants and are due by September 1, 2010.

HHS also said Thursday that in keeping with the Obama administration's commitment to transparency and open government, HHS has issued a request for comment asking states, consumer advocates, employers, insurers, and other interested stakeholders to provide input as HHS develops the rules and standards exchanges should be required to meet. Comments are due by October 4, 2010.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Augmented Analytics Drives Next Wave of AI, Machine Learning, BI
Jessica Davis, Senior Editor, Enterprise Apps,  3/19/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Slideshows
Flash Poll