Just wait. The thing hasn’t really switched on yet.
Health insurance premiums up in N.J. individual, small employer markets
Health insurance premiums rose in 2012 for the majority of people covered in the state-regulated individual and small employer markets, according to the state Department of Banking and Insurance.
Premiums have risen in New Jersey and nationwide for years, and health care experts say the rising cost of medical care, coupled with new federal rules that increase the services that health insurers are required to include in the health plans they sell, continue to drive up premiums.
About 650,000 New Jerseyans have employer-sponsored coverage through the state’s small employer market, for employers with fewer than 50 workers. About half the premiums increases in that sector were less than 10 percent, while the remainder of the increases averaged 15 percent, according to DOBI.
About 140,000 New Jerseyans are covered through the individual market, where all premiums increases in 2012 were under 10 percent, according to DOBI. Premiums rose less than 1 percent, or decreased, for the most popular plan in the individual market, the Horizon Basic and Essential plan, which provides a less extensive menu of benefits at a lower price than the typical health plan. According to DOBI, more than half of those covered in the individual market use the Basic and Essential plan.
Christine Stearns, vice president of health and legal affairs for the New Jersey Business & Industry Association, said the rates reported by DOBI “are consistent with what I have been hearing from employers.”
No, it’s free, it’s free! The vast majority of people pay little or no federal income taxes. For them, health care will be free.
All we need is for the rich to pay their fair share of taxes. That’s the solution.