To provide an objective assessment of the impact health insurance coverage mandates have on the cost of purchasing healthcare benefits, the Mandated Health Benefits Advisory Commission (MHBAC) was established by P.L.2003, c.193 to provide the Legislature with independent documentation defining the social and financial impact and medical effectiveness of proposed mandated health benefits legislation. The […]
Healthcare Mandates
Employer-based Health Insurance Premiums Increase 3 to 4 Percent, Survey Says
Employer-based health insurance premiums increased an average of 3 to 4 percent over the previous year, as costs continue to rise at rates much closer to inflation and employees’ salary increases than the early 2000s. According to the Kaiser Family Foundation (KFF)/Health Research & Educational Trust 2017 Employer Health Benefits Survey, premiums for family coverage averaged […]
NJBIA: Seek MHBAC Review First for Healthcare Bills Requiring Coverage Mandates
Mary Beaumont, the New Jersey Business & Industry Association’s vice president for Health and Legal Affairs testified before the Assembly Financial Institutions & Insurance Committee on Thursday to express concerns about two bills (A-4205 and A-4596) requiring healthcare mandates that could potentially increase the cost of insurance premiums. Beaumont asked that both bills first be […]