New Jersey has taken a major step toward establishing a health insurance exchange this week as the Health and Senior Services committee voted to approve a new bill that would make an exchange possible. The bill, A2171, aims to define what a health insurance exchange would be for the state. Each state is allowed to determine how it implements an exchange program and how it will be run. The legislation faced staunch opposition in its early days, but as the bill changed through a series of auxiliary provisions it gained…
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New Jersey working to make deadline for federal grants that would help the state build and insurance exchange
The state of New Jersey has just over six months to finalize plans for a health insurance exchange. The deadline concerns a federal grant that would help the state make progress toward the new insurance system. The grant, worth $5 million, would be used to hire new staff that will maintain the upcoming virtual insurance marketplace. It would also help the state purchase new equipment needed to operate the system and would fund marketing efforts to promote the exchange program. If New Jersey misses the deadline, it may not be…
Read MoreNew Jersey taking tentative steps toward a health insurance exchange
New Jersey may be one step closer to building its own health insurance exchange after state officials, industry analysts and stakeholders met Wednesday to discuss the issue. The meeting was hosted by the NJ for Health Care and NJ Citizen Action Education Fund. Both organizations advocate health care reform for the sake of New Jersey residents. Born from the meeting was a common consensus that the state should take measures to establish its own insurance exchange to ensure that it has control of the program by the 2014 deadline. Ray…
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