September 25, 2013 • Reprints
TRENTON, N.J. (AP) — A report out Wednesday from the federal government finds that health insurance prices on New Jersey’s exchange will be among the most expensive in the country for those without subsidies.
The report from the federal Department of Health and Human Services comes less than a week before the launch of the state health exchanges that are a key element of President Barack Obama’s health insurance overhaul. The idea is that the exchange offers otherwise uninsured people a way to get their own insurance, in many cases with a federal subsidies.
Residents will be able to sign up for coverage starting Oct. 1, and the benefits will begin Jan. 1.
In New Jersey, and the other 35 states where the exchanges are to be run by the federal government, exact plan details have not yet been made public.