Navigation Links
Feds Outline Rules for States' Insurance Exchanges
Date:8/12/2011

FRIDAY, Aug. 12 (HealthDay News) -- The U.S. Department of Health and Human Services (HHS) and the U.S. Treasury Department today awarded $185 million to 13 states and the District of Columbia to speed up creation of Affordable Insurance Exchanges -- a cornerstone of President Obama's health care reform -- across the country.

The agencies also proposed three rules for administering the plan, which will include tax relief to give families and small businesses "the same kind of insurance choices as members of Congress," the HHS said in a news release Friday.

"Today, we're laying the foundation to provide tax incentives to help working families purchase health insurance," Treasury Secretary Tim Geithner said in the news release. "This new tax credit brings us a big step closer to achieving one of the signature goals of the Affordable Care Act -- to provide tens of millions of Americans with access to affordable health insurance coverage."

Already, more than half the states have begun establishing exchanges, the agencies said. The new grants will accelerate their development, and more funds will be awarded in coming months.

The Affordable Care Act of 2010 requires states to have the exchanges -- essentially one-stop insurance shopping sites for consumers and small businesses -- in place by 2014. The HHS sent letters to governors Friday outlining procedures and resources for pushing the project along.

Treasury and HHS said the three proposed rules for administering the plan call for:

  • Easy Access to Coverage for Consumers and Small Businesses: Tax credits and cost-sharing reductions should simplify consumers' enrollment in high-quality health plans. Small employers who take advantage of the Small Business Health Options Program will receive tax credits, enabling them to offer their employees a choice of health plans.
  • Health Insurance Premium Tax Credit: Tax credits for single people and families will help millions of middle-class Americans gain access to health insurance coverage.
  • Medicaid Eligibility: To reduce the administrative burden on states and make enrollment "seamless" for those who qualify, eligibility will be coordinated with Medicaid and the Children's Health Insurance Program.

"Too many American families have been priced out or locked out of the health insurance market. Exchanges will give them control and could save them thousands of dollars a year," said HHS Secretary Kathleen Sebelius. "I am encouraged by the progress states have made to date and am excited to give them more resources to continue their work."

Some health-policy experts argued that the plan is unwieldy and costly.

"HHS keeps dipping into its ObamaCare slush funds even as states are sending the money back . . . and continues to claim that ObamaCare will save money, when every non-partisan expert attests that its taxes and mandates are already increasing premiums and will reduce jobs," said Michael F. Cannon, director of health policy studies at the Cato Institute in Washington, D.C., a free-market/libertarian think tank.

"Have they learned nothing from the recession or the debt crisis?" added Cannon, who said that the "'streamlined' ObamaCare rules . . . run more than 1,000 pages" in length.

More information

To learn about women and the Affordable Care Act, visit the U.S. Department of Health and Human Services.

-- Margaret Steele

SOURCES: Michael F. Cannon, director, health policy studies, Cato Institute, Washington, D.C.; U.S. Department of Health and Human Services, news release, Aug. 12, 2011


'/>"/>
Copyright©2010 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. Ways to Curb Childhood Obesity Outlined in U.S. Report
2. Report outlines successes, challenges in cancer prevention efforts
3. Researchers Outline Key Risk Factors for Glaucoma
4. As Americas senior population grows, meeting to outline effective education about aging
5. Researchers develop outline that may help weigh benefits of new imaging technologies
6. Researchers develop outline that may help weigh benefits of new imaging technologies
7. Report outlines knowledge gaps for 20 suspected carcinogens
8. Internists outline comprehensive federal strategy to control tobacco use
9. HealthMETRICS Partners, Inc. Article in AJMC Outlines Innovative Approach to Combat Rising Healthcare Costs
10. Team outlines 21st century roadmap to make America the healthiest nation in the world
11. Allsup Outlines Quick-Processing Methods for Social Security Disability Claims
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Feds Outline Rules for States' Insurance Exchanges
(Date:4/26/2017)... ... 26, 2017 , ... MYOLYN, a medical technology company dedicated ... received 510(k) clearance from the U.S. Food & Drug Administration (FDA) for two ... devices are stationary cycling systems that use MYOLYN’s patent-pending functional electrical stimulation ...
(Date:4/25/2017)... (PRWEB) , ... April 25, 2017 , ... A stressful ... at work can also decrease overall productivity and performance in the workplace. The goal ... , During the last few weeks of April, Clearview Resolution Services will be shutting ...
(Date:4/25/2017)... ... April 25, 2017 , ... Patients who would like ... in a fraction of the time as traditional braces – Wilckodontics®. Dr. Victoria ... now offers this revolutionary treatment with or without a referral. , Wilckodontics ...
(Date:4/25/2017)... ... April 25, 2017 , ... Saad B. Chaudhary, MD is committed to providing the highest quality ... problems, I focus on preventative care with all my patients to alleviate possible future issues. ... feel free to contact my office and my trained staff will assist you in any ...
(Date:4/25/2017)... (PRWEB) , ... April 25, 2017 , ... ... instrument solutions, announces the continuation of its strategic partnership with and platinum sponsorship ... developing nations in the safe and effective management of complex spine deformity cases, ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... April 20, 2017  Cogentix Medical, Inc. (NASDAQ: ... providing the Urology, Uro/Gyn and Gynecology markets with ... Keswani has joined the Company as Senior Vice ... created position, Mr. Keswani will report directly to ... "Our organization is delighted that Ash has ...
(Date:4/20/2017)... , April 20, 2017  Zimmer Biomet Holdings, Inc. ... healthcare, today announced that it will be participating in ... at the InterContinental Hotel in Boston, Massachusetts ... will present at 11:20 a.m. Eastern Time. ... via Zimmer Biomet,s Investor Relations website at http://investor.zimmerbiomet.com ...
(Date:4/20/2017)... , April 20, 2017  RXi Pharmaceuticals Corporation ... therapeutics that address significant unmet medical needs, today ... the Company,s consumer product development program, based on ... Society for Investigative Dermatology (SID) 76 th ... and promote the sciences relevant to skin health ...
Breaking Medicine Technology: