DEFINITION of 'U.S. Department of Health and Human Services (HHS)'

The Department of Health and Human Services (HHS) is a Cabinet-level government department that provides health and human services, and promotes research in social services, medicine and public health. It achieves this through 11 agencies that manage more than 100 programs. The agencies include the Centers for Disease Control and Prevention (CDC), the Food and Drug Administration (FDA) and the Administration for Children and Families (ACF).

 

BREAKING DOWN 'U.S. Department of Health and Human Services (HHS)'

HHS was originally  founded as a Cabinet-level department in 1953 as the Department of Health, Education and Welfare (HEW). In 1979, the Department of Education Organization Law created a separate Department of Education. The remaining agencies were reorganized as the Department of Health and Human Services on May 4, 1980.

HHS implements parts of the Affordable Care Act, enforces the HIPAA Privacy Rule, ensures that human-subject research conducted by department-funded institutions obeys regulations, and operates the Head Start program for children. It is also the largest grant-making agency in the country. According to the 2017 budget some of the key goals for the department including addressing opioid abuse, increasing access to mental and behavioral health programs, and supporting the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative. 

RELATED TERMS
  1. Health Insurance Marketplace

    Organizations that facilitate structured and competitive markets ...
  2. Universal Health Care Coverage

    Universal health care coverage are systems in which all legal ...
  3. HIPAA Waiver of Authorization

    A legal document that allows an individual’s health information ...
  4. Investor Relations - IR

    A department, present in most medium to large public companies, ...
  5. Organic Act of the Department of ...

    An act of law reluctantly signed by former U.S. president William ...
  6. Wellness Program

    An employer approach to improving employees' health. Wellness ...
Related Articles
  1. Insurance

    Defined Contribution Health Plans: A Primer

    A look at defined contribution health plans and how they work for both employees and employers.
  2. Insights

    Trump Budget Funds Pentagon with Cuts to Health, Aid

    "This is a hard-power budget, not a soft-power budget."
  3. Insurance

    The Debt Report: The Health Care Sector

    Discover how the health care industry's largest companies have greatly increased their debt exposure since the financial crisis, and why this trend matters.
  4. Investing

    ETF Flows: Health Care ETFs Are Shedding Assets in 2016 (FXH, XLV)

    Learn about five exchange-traded funds (ETFs) that invest in the health care sector and experienced large year-to-date (YTD) capital outflows as of March 4, 2016.
  5. Financial Advisor

    Human Capital, An Important Asset For Portfolio Diversification

    An investor’s total wealth consists of two parts – financial capital and human capital. The latter should not be overlooked in investment strategies and portfolio management.
  6. Investing

    Human Capital: The Most Overlooked Asset Class

    The skills and knowledge that allow you to make money are your best asset. Remember to invest in yourself!
  7. Insurance

    5 Health Insurance Considerations

    It may not be the most exciting of topics, but there are many ways to save on and increase the efficiency of your health insurance.
  8. Investing

    Best 3 Vanguard Funds in the Healthcare Sector (VHT)

    Discover information about some Vanguard funds that provide exposure to the health care sector, and find out about their characteristics.
  9. Investing

    Can Trump's Presidency Heal Pharma Stocks? (XLV, VHT)

    The market appears to be taking a wait-and-see attitude toward health care companies.
  10. Insights

    A Real Solution for the Health Insurance Market

    It's time for our representatives to come together and find a healthcare solution for everyone.
RELATED FAQS
  1. What role does the agency problem play in the modern Health Care industry?

    Read about the role of the principal-agent problem in the modern American health care industry, and learn why health insurance ... Read Answer >>
  2. What is human capital and how is it used?

    Learn about the concept of human capital, how it is developed and why it is important for businesses to protect their human ... Read Answer >>
  3. How do managers measure human capital?

    Learn what human capital is, how managers measure it and how managers measure human capital's return on investment to gauge ... Read Answer >>
  4. What causes human capital to depreciate?

    Read about what life events may cause a worker's human capital to depreciate, both in absolute terms and relative value compared ... Read Answer >>
  5. Is the Social Security administration a government corporation?

    Learn the difference between a government agency and a government corporation, and how the Social Security Administration ... Read Answer >>
  6. Can I get dental insurance with Obamacare?

    Discover how you can obtain dental insurance as part of a health plan or on a standalone basis through the Health Insurance ... Read Answer >>
Hot Definitions
  1. Retirement Planning

    Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve ...
  2. Drawdown

    The peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted ...
  3. Inverse Transaction

    A transaction that can cancel out a forward contract that has the same value date.
  4. Redemption

    The return of an investor's principal in a fixed income security, such as a preferred stock or bond; or the sale of units ...
  5. Solvency

    The ability of a company to meet its long-term financial obligations. Solvency is essential to staying in business, but a ...
  6. Dilution

    A reduction in the ownership percentage of a share of stock caused by the issuance of new stock. Dilution can also occur ...
Trading Center