New Jersey is the latest state to get an Obamacare waiver designed to keep down health insurance premiums.
The state will use it to reimburse health insurance carriers for high-cost claims, after getting federal approval for the program Aug. 16.
The Garden State will receive federal funds to help cover the cost of the state-run reinsurance program, which aims to reduce premiums in the individual market by 15 percent, the New Jersey Department of Banking and Insurance said. The state has requested $218 million to support the program in 2019.
The development is the most recent example of how states ...
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