HHS Says Consumers Saved $1.2B On ACA Rate Monitoring

Law360, Los Angeles (September 12, 2013, 7:29 PM EDT) -- A provision of the Affordable Care Act that requires heightened monitoring of the rates health care providers charge individuals and small groups saved consumers $1.2 billion in 2012, according to a report released Thursday by the U.S. Department of Health and Human Services.

The provision’s two arms are each driving a drop in consumer health care costs, HHS said in Thursday’s report. First, a program that doles out grant money to participating states is limiting the amount by which health insurers raise rates in those states,...
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