Health Affairs April 19, 2023
On April 17, 2023, U.S. Department of Health & Human Services (HHS) released its final rule to update requirements and standards for health insurers and Marketplaces under the Affordable Care Act (ACA) for plan year (PY) 2024. In addition to this annual “Notice of Benefit & Payment Parameters,” (NBPP) the agency released a Fact Sheet about the final rule, and the final PY 2024 Actuarial Value (AV) Calculator and Methodology.
HHS received over 300 public comments on its draft NBPP, and in this final rule advances proposals to prohibit Marketplace plans without a provider network, limit the profusion of non-standardized plans, encourage enrollment in plans with reduced cost-sharing for lower-income consumers, reduce deceptive marketing practices, and lower administrative barriers to...
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