Before he leaves to become director of the Federal Insurance Office and deals with the implications of the Dodd Frank Act, Michael McRaith remains director of the Illinois Department of Insurance and has to contend with the enactment of another piece of landmark legislation passed last year, the Affordable Care Act.
It was in this capacity that McRaith briefed reporters this morning on the progress Illinois has made implementing the ACA, which was signed into law on March 23, 2010. McRaith noted that more than 1,000 uninsured Illinois residents with preexisting health conditions have received coverage through the Illinois Preexisting Condition Insurance Plan and that more than 100,000 Illinois seniors who reached the Medicare Part D “donut hole” have received a $250 rebate check.
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