Filed Under:Markets, Employee Benefits

GAO eyes PCIP woes, exchange construction efforts

President Obama signs PPACA. (AP photo/J. Scott Applewhite)
President Obama signs PPACA. (AP photo/J. Scott Applewhite)

The Center for Consumer Information and Insurance Oversight (CCIIO) has run out of the cash needed to pay claims from one Patient Protection and Affordable Care Act (PPACA) benefits program and is struggling to ration the cash it has to pay claims for another PPACA benefits program.

Stanley Czerwinski, a director at the U.S. Government Accountability Office (GAO), talks about management of the two programs -- the Early Retiree Reinsurance Program (ERRP) and the Pre-existing Condition Insurance Plan (PCIP) program -- in a report prepared for Sen. Orrin Hatch, R-Utah.

CCIIO is trying to pay some of the claims using money recovered from employers that received too much money when CCIIO paid earlier ERRP claims.

CCIIO has paid about $54 million in backlogged ERRP claims using recovery money and hopes to collect another $21 million through claim recoveries, Czerwinski said.

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Nichole Morford

Nichole Morford
Managing Editor

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