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 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…
Read MoreNew Jersey: Government run health plan looking to close their doors
In New Jersey, hundreds of cities and school districts have saved a fortune by taking part in the state’s relatively unknown benefits program. For the past three years, an increasing number of people are dropping the insurance policies they bought from big name companies in favor of the state’s program. Some legislators are looking to change that by proposing a new bill that could severely inhibit the program. Stephen M. Sweeney, the State Senate president, is proposing legislation that would prohibit the state run insurance program from accepting new members.…
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