ACA's rate reviews cut premiums by $1.2B, HHS says

09/13/2013 | Hill, The · Modern Healthcare (subscription required)

HHS reported Thursday that Affordable Care Act provisions that increased state and federal scrutiny of insurance premiums helped reduce rates by $1.2 billion since 2011. The health care law authorized the federal government to review some rate increases and provided states with grants worth $250 million to strengthen their review of premiums. "Thanks to the health care law, we are seeing that holding insurance companies accountable is leading to increased competition and saving billions of dollars for consumers across the country," said HHS Secretary Kathleen Sebelius.

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Hill, The · Modern Healthcare (subscription required)

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