The program will create a fund to help insurance companies pay for extremely sick patients. Similar plans have been approved in states such as Wisconsin and Alaska.
“[Congratulations] to New Jerseyans, who will see their premiums in the individual market [go down] by about 15 percent from the expected premiums because @NJGov took action to address the failures of Obamacare,” CMS Administrator Seema Verma wrote in a tweet.
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