New Jersey consumers got their first look Wednesday at how much health care plans will sell for on the new federal insurance marketplace created by the Affordable Care Act.
Ray Castro, a senior analyst with the liberal-leaning New Jersey Policy Perspective, said the cost of health insurance in New Jersey was already running well above those in most other states, so the fact that prices on the exchange are also running higher than elsewhere is not discouraging.
Factoring in the subsidies, Castro said most New Jersey individuals and families should be able to find some solid deals.
“I think it’s very positive for New Jersey. Where now people are paying $1,000 or $2,000 a month (for health insurance), under the law they can obtain it for as little as $300,” he said. “It’s a huge drop.”
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