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NJ Public Employee Health Plans Face Double-Digit Hikes
Description
New Jerseys public employee health plans face another year of double-digit premium hikes, with actuaries warning of ten to twenty percent increases. The local government workers plan, already burdened by a massive thirty-seven percent increase last year, is struggling with shrinking enrollment and critically low reserves. High usage across all plans, driven by pricey weight loss drugs and healthcare inflation, is exacerbating the situation. School employees plans are also projected to see a twelve percent drop in enrollees and negative reserves, setting the stage for further hikes.
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