Summary : But the investment report comes amid a volatile economy and potential rate increases of up to 24 percent for health benefits under proposals the State Health Benefits is considering, according to NJ Advance Media.
State health boards were set to approve rate increases Monday, but the vote was delayed after criticism from both Democratic and Republican leaders. “Taxpayers, employees and retirees living on fixed incomes cannot afford the anticipated cost increases for state health benefits on top of what they are paying just to live, eat and work in New Jersey,” said Assembly Republican Leader John DiMaio. That will help New Jersey mark its second-straight year of “full” actuarially-determined funding, NJ Spotlight reports.
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