Hundreds of thousands of people in New Jersey are set to pay more for health insurance next year because of Republican Congressman Tom Kean Jr.
NJ Spotlight News reports that “roughly 454,000 are on track to pay more next year for their coverage” across New Jersey, and that rates will “increase by an average of 15.9%” as health insurance tax credits are set to expire.
It’s all because Kean Jr. and “the Republican-led Congress [are] not expected to act to extend those credits before they expire.”
Read more from NJ Spotlight News:
NJ Spotlight News: ACA health insurance is set to cost a lot more in 2026
By Benjamin Hulac | 8/25/25
- Unless Congress intervenes, health insurance rates will sharply increase next year for hundreds of thousands of people in New Jersey who are covered through the state’s marketplace under the Affordable Care Act, also known as Obamacare.
- Insurance rates for 2026 will increase by an average of 15.9% over 2025 rates, according to the New Jersey Department of Banking and Insurance.
- About 513,000 people in New Jersey are enrolled in the state-run insurance market, and roughly 454,000 are on track to pay more next year for their coverage, according to the latest available figures.
- “All of their premiums are going to be increasing,” Laura Waddell, health care program director at New Jersey Citizen Action, an advocacy group, said in an interview with NJ Spotlight News of the group of 454,000
- The department released the numbers last week, saying they were based on the prices submitted by five insurance companies offering coverage within New Jersey under the state’s Get Covered NJ marketplace.
- Congress in 2021 and 2022 extended subsidies for the marketplaces, leading to an all-time enrollment high in the federal insurance marketplaces. But with little relief in sight under President Donald Trump or the current Congress, those credits are set to run out at the end of this year, leading to the spike in insurance premiums.
- After passing expansive deregulatory legislation this summer that includes significant cuts to U.S. health programs, the Republican-led Congress is not expected to act to extend those credits before they expire.
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