New Jersey Passes Bill to Reimpose Individual Mandate for Health Insurance

(From The Washington Examiner)

New Jersey’s state legislature has sent a bill to the governor to reimpose the individual mandate, one of a handful of states pursuing such a measure. The state’s assembly and senate approved on Thursday a bill to require nearly all state residents to get insurance or pay a penalty. The legislature also approved a bill to create a reinsurance plan in which a state covers the highest claim from an Obamacare insurer, creating an incentive for the insurer to lower premiums. New Jersey is among a handful of states that are looking at creating their own individual mandate after Obamacare’s mandate was repealed in the tax law starting in 2019. Insurers and critics have charged that without the mandate, younger and healthier people will lose an incentive to sign up for Obamacare on the exchanges.

Click here for article.