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New Jersey is trying to hold on to key components of the federal Affordable Care Act (ACA) as the Trump administration, with the help of the previous Congress, has been trying to dismantle the Obama administration’s signature accomplishment.
At a Meet the Decision Makers event Wednesday, NJ Department of Banking and Insurance Commissioner Marlene Caride told members of NJBIA and the State Chamber of Commerce that Gov. Phil Murphy’s plan for a state-based insurance exchange would give New Jersey the control over healthcare policy it needs. The state plans to have its exchange up and running by 2021, Caride said.
Acknowledging the rising cost of health insurance, the Commissioner said the state needs to keep costs manageable for our individuals and small employer market.
Additionally, the Commissioner discussed other key initiatives being implemented by her department, including recently passed out-of-network legislation and a Medicaid reinsurance program to ensure New Jersey residents receive healthcare coverage.
DOBI will also be scheduling a listening tour on the implementation of recently enacted mental health parity legislation.