Speaking at the
Many of those actions Murphy took since becoming governor mirrored aspects of the ACA. In May, Murphy signed two laws, one which would enact an individual health care mandate effective
Under the reinsurance program, insurers will be reimbursed for 60 percent of claims between
According to the governor's office, premiums in 2019 will be 15 percent lower than what they would have been without the program.
In 2017, health insurance rates in New Jersey’s individual market increased by 8.7 percent; the following year, they went up an additional 23.3 percent, said
A state resident who purchased a silver plan in the individual market for
Federal officials last month signed off on New Jersey’s waiver for the reinsurance program.
“What we’ve done today, what we’ve tried to do collectively, is to put stability back into this which gives [insurance companies] confidence to be able to participate at rates that are acceptable,” Murphy said.
Added Caride: “Under this administration,