Health Law Rates To Drop 9.3% In New Jersey As Hike Request Fails
In other news on health insurance costs, rate hikes will remain flat for thousands of retired state employees and teachers in Georgia, who were expecting increases.
Obamacare Insurance Rates To Fall 9.3 Percent In New Jersey
Individual health insurance rates in New Jersey will decrease on average by 9.3 percent for 2019, a far cry from the 5.8 percent average rate hike carriers requested earlier this year, Gov. Murphy announced Friday. Murphy credited two laws he signed in May for producing the rate reduction: one creating an individual health insurance mandate, and another establishing a reinsurance program. (Hetrick, 9/7)
Georgia Health News:
September Surprise: Premium Hike Canceled For Many State Retirees
The Department of Community Health’s board on Friday approved a welcome change in health premiums for thousands of state retirees. Retirees in UnitedHealthcare’s standard Medicare plan were expecting a hike of $81 in their monthly premium — a rate approved by the same board last month. But on Friday, the board reversed its earlier decision and changed the 2019 premium rate to $25.38 a month, the same as it is this year. (Miller, 9/7)