On September 30, 2010 Connecticut accepted close to 1 million dollars in the form of a grant from the Department of Health and Human Services (HHS). The grant will be used to create a state exchange, in compliance with ObamaCare. The details of the ways the state will administer these funds to expedite the implementation of ObamaCare are below:
Administrator: Connecticut Office of Policy and Management
Amount Awarded: $996,850
- Conduct market research and Information Technology infrastructure assessments to understand the effects and implications of different policy decisions that may direct the implementation strategy.
- Research and analyze existing data and obtain newly-collected data to assess the health insurance market and the uninsured population.
- Conduct economic and actuarial modeling to study various policy issues that would impact the design and implementation of the Exchange.
- Survey the small employer and health insurance markets.
- Assess the impact of insurance reforms on premiums.
- Analyze the local marketplace to determine whether the individual and the small group markets should be combined or separate within the Exchange.
- Analyze the size of the small employer market segment that should start participating in the Exchange (either 1-50 employees or 1-100 employees).
- Determine the advantages and disadvantages of a Connecticut statewide Exchange versus a multi-state Exchange.
- Engage in stakeholder dialogue to ensure an accurate and consistent message is being communicated (includes individuals, employers, providers, legislators, insures, etc.)
- Assess the existing Medicaid system and the interface with the Exchange information technology infrastructure required as well as specifications for the accounting and financial system of the Exchange.
- Develop a financial model to determine administrative fees necessary for financial self –sustainability of the Exchange; and
- Develop legislation to create the governance structure of the Connecticut Exchange.