New Jersey Policy Perspective

NJ Poised To Vote On Health Insurance Exchange

New Jersey Policy Perspective — Thursday, March 1, 2012

From NJ Spotlight, February 28, 2012:

The legislature is to vote March 15 on bills to create New Jersey's health insurance exchange, an online virtual marketplace that would make a range of more affordable options for health coverage available to individuals and employees of small businesses when federal healthcare reforms go into effect in 2014.

The bill, which was released by the Senate Commerce Committee yesterday, has the support of consumer groups like AARP, New Jersey Citizen Action and New Jersey Public Interest Research Group, as well as NJPP, whose senior policy analyst Ray Castro testified in favor of the bill.

He estimated that $1.2 billion in federal money will flow into New Jersey in 2014, between subsidies to help low and moderate income New Jerseyans buy health coverage on the exchange, and increased Medicaid funding as that program is expanded under the healthcare reform.

"There is a tremendous need to enact this legislation as soon as possible because the current health insurance system is broken and the problem of the uninsured and the underinsured is only getting worse," Castro said.

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