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New Jersey Seeks to Secure ACA Markets With Policy Triad
Health Leaders Media: There's currently only one state in the country that has enacted three key policies to stabilize its Affordable Care Act markets.
The third prong in New Jersey's triad strategy fell into place Thursday, when the Trump administration approved the state's waiver request to establish a reinsurance program that's projected to make premiums 15% cheaper next year than they would be otherwise.
Although other states had already established their own reinsurance programs under ACA waivers, New Jersey is the first to combine such an initiative with two other prongs: an individual mandate and restrictions on short-term health plans.
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