The goal of state officials to take back control of the health insurance marketplace may have been reached Wednesday, when Gov. Phil Murphy signed two bills dealing with coverage.
The bills, from Sens. Joe Vitale (D-Woodbridge) and Troy Singleton (D-Moorestown), protect the individual mandate and create a reinsurance program at the state level, the latter of which was a key to creating competition when the Affordable Care Act first launched.
“Protecting the viability of the individual mandate is needed to maintain a foundation for the insurance market and to allow the success of the ACA to continue,” Vitale said in a statement. “New Jersey has benefited from the health care law, and we want to see that those benefits continue. It has made health care more affordable and more accessible, especially for those in need.”
