U.S. Department of Health and Human Services: Rate Review Annual Report September 2013. Rate Review Grants

09/01/2013

The Affordable Care Act authorizes the Secretary to award grants to states for the purpose of improving their review of proposed rates in the individual and small group health insurance markets.1  The law appropriates $250 million for rate review grants for a five year period, fiscal years 2010 through 2014.  Each state receiving a grant must submit data to HHS documenting all rate increases requested by issuers for major medical policies in both the individual and small group health insurance markets of that state.  The Rate Review Grant Program awarded a total of $51 million to 45 states, 5 territories, and the District of Columbia through the first cycle of funding.  Through the second cycle of funding, an additional $119 million was awarded to 30 states, three territories, and the District of Columbia. 

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