On June 6, 2013, the Center for Consumer Information and Insurance Oversight (CCIIO) published a new set of frequently asked questions about Cycle III of CMS’s state rate review grant program. Through this program, CMS gives grants to states to support health insurance rate review and increase transparency in health care pricing. Rate review activities include approval and denial of rate increases and analysis of pricing data. Previously, only state insurance departments could apply for these grants, but in Cycle III, state health agencies, territory health agencies, and state universities may apply for funding. Generally, only one application per state is permitted. The FAQs also reiterate the statutory requirements for data centers and all rate review grant recipients. They also have criteria for Cycle II funding recipients to receive Cycle III funding. The FAQs may be found here.
