Health News of the Month-Insurance Policies
Article link: https://www.politico.com/news/2022/10/12/new-jersey-health-care-costs-higher-premiums-00060697
This article discusses health insurance reforms. It reports on health care costs in New Jersey and the State Health Benefits Program. A major issue identified is the increased premiums for the State Health Benefits Program silently without informing the stakeholders within the state and the programs. According to the publishers of the article, Han and Sitrin (2022), the premiums were raised before they were announced. Further, the article notes that the state was aware before the higher premium was approved. Still, the key stakeholders, such as the local governments, were not alerted until approval was concluded despite raising queries during the budget consultations.
After reading it, I wasn’t too pleased with the whole issue. It was done secretly with only a few players involved. Subsequently, increasing the premium lacked the major stakeholders’ input and consultations, which felt wrong. Health insurance reforms may consistently create new opportunities for local health and threats. For instance, the reporters note that the new premiums risk several local governments and other stakeholders leaving the State Health Benefits Program (Han & Sitrin, 2022). Such withdrawal is speculated to increase the costs of care. Furthermore, research notes that adopting high-deductible health plans forces consumers to bear the price effects, resulting in lower wages and unattractive benefits (Arnold & Whaley, 2020).
The article was published on 10/12/2022 by DANIEL HAN and Carly Sitrin. The source is credible as it was published on the POLITICO website. POLITICO has the authority to report on politics and general policy across the globe. Additionally, the authors have directly quoted key persons in the reported issue.
References
Arnold, D., & Whaley, C. (2020). Who Pays for Health Care Costs? The Effects of Health Care Prices on Wages. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.3657598
Han, D., & Sitrin, C. (2022, October 12). State knew of increased health care costs months before higher premiums were approved. https://www.politico.com/news/2022/10/12/new-jersey-health-care-costs-higher-premiums-00060697
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Question 
Health News of the Month-Insurance Policies
Health News of the Month – Insurance Policies or Health Reform
Pick a news article, journal article, press release, or podcast to read or listen to on health insurance or health reform in the past month. The weekly summary would then include:
The issue identified (insurance or health reform)
Describe how you felt about what you heard or read.
How does (insurance or health reform) impact local health?
Date Published
Published By
Is this source credible? Why?
Resources for your assignment might include those on the Health Information Sources document.
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