Who We Are

The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

HHS Says Obamacare Remains Affordable in New Jersey Despite Higher Rates and Fewer Insurers

Obamacare 3Trenton, NJ, August 25, 2016 — Kathleen O’Brien and Jonathan D. Salant report today in The Star-Ledger that increased subsidies should offset the rising cost of Obamacare premiums and allow more than half of New Jerseyans buying insurance through the federal website to pay no more than $75 a month.

That would hold true even if premiums jump by as much as 25 percent, officials of the U.S. Health and Human Services Department said on a conference call Wednesday.

That would be three times greater than the expected average increase of 8 percent by the three companies that sell plans in New Jersey through the federal website established under the Affordable Care Act.

“Tax credits protect consumers from rate increases and consumers can shop to find the best plan,” said Kathryn Martin, acting assistant HHS secretary for planning and evaluation.  “We know there has been speculation about rates in the marketplace. Headline rates do not reflect what consumers actually pay.”

HHS officials said that even large one-year price hikes and the decision by Aetna, one of the largest U.S. health insurers, to withdraw from the insurance exchanges, will not prevent most Americans from buying reasonably priced coverage.

“Entry and exit of the market is a normal part of the market,” said Mandy Cohen, chief of staff at the Centers for Medicaid and Medicare Services. “Insurers are learning at various rates how to be successful in this market. We have a vibrant marketplace where folks can come and look and shop.”

For the full story, click here.