Officials at the Centers for Medicare and Medicaid Services (CMS) are busy writing the regulations needed to implement the No Surprises Act, Jeff Wu, acting director at the Center for Consumer Information and Insurance Oversight (CCIIO), told state insurance regulators Monday.
"We're in a furious round of policymaking," Wu said.
Having to implement the act so quickly is challenging for CMS, but all of the work will be worth it, Wu predicted. "This is going to be of tremendous help to consumers," he said.
CCIIO: The ACA Agency
The CCIIO is the arm of CMS in charge of implementing Affordable Care Act provisions and related laws that affect commercial health insurance.
Wu, formerly deputy director of CCIIO, reports to Liz Richter, who is the acting administrator of CMS. The Senate will start holding confirmation hearings on the nomination of Chiquita Brooks-LaSure to be President Joe Biden's CMS administrator Thursday.
Wu spoke at a session of the Health Insurance and Managed Care Committee, an arm of the National Association of Insurance Commissioners, at the NAIC's spring national meeting, which is being presented online.
No Surprises Act
The No Surprises Act is part of the Consolidated Appropriations Act of 2021, a bill that former President Donald Trump signed into law Dec. 27.
