July 2018 | Katherine Hempstead, Joel C. Cantor | Opinion: New Jersey and the ACA, Perfect Together
On Friday, New Jersey’s Department of Banking and Insurance released preliminary data about premiums filed by insurers for state-regulated health insurance markets for 2019. The news is good.
New Jersey’s individual — also called nongroup — health insurance market is doing very well, despite actions by the Trump administration and Congress to destabilize the Affordable Care Act, including these:
- Defunding Cost Sharing Reductions which help offset out-of-pocket expenses for modest income consumers,
- ending public education and outreach,
- exempting short-term but renewable plans from many consumer safeguards, including pre-existing condition protections, and
- repealing the individual mandate, the requirement that most people have health insurance or pay a penalty.