Under the Patient Accountability and Affordability Act, the Department of Health and Human Services (DHHS) was entrusted with the responsibility for implementing many major provisions of the healthcare reform law. In an effort to help better the organizational structure related to the implementation of this massive law, DHHS has created the Center for Consumer Information and Insurance Oversight (CCIIO). This new organization is dedicated to helping the DHHS implement many of the provisions of the legislation that address private health insurance.
The CCIIO is now responsible for ensuring compliance with the new insurance market rules. It will oversee the new medical loss ratio rules that are now a part of the law and will assist states in reviewing insurance rates. The organization will also provide guidance and oversight for the state- based insurance exchanges. Another key task will be to administer the temporary high-risk pool programs (in place until 2014) and the early retiree reinsurance program. According to the public announcement regarding the establishment of this new office, CCIIO stated, “...our office will work closely with state insurance commissioners and governors, consumers, and stakeholders throughout the implementation process to ensure the new law best serves the American people.”
CCIIO's web site is http://www.hhs.gov/cciio/.
Conner Strong continues to regularly monitor developments related to the massive new federal insurance reform law. To access the various tools and resources we have built for clients on reform, visit us at www.connerstrong.com.
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