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.

Obamacare Insurance Rates Rise 5 Percent in New Jersey

ObamacareNewark, NJ, October 27, 2015 ― Lindy Washburn reports in The Record that New Jersey consumers who buy health coverage through the Affordable Care Act can expect a 5 percent increase next year in the popular benchmark plan — less than the average for the 37 states that use HealthCare.gov, and a slower rate of increase than private employers have seen.

In Bergen and Passaic counties, a 25-year-old will pay $255 monthly before tax credits for the lowest-premium silver plan.

A 45-year-old will pay $367 and a 55-year-old $567, before tax credits, for that coverage.  ilver plans are the most popular level of insurance and cover an average of 70 percent of health expenses.

With Obamacare’s third open-enrollment period set to start on Sunday, the government posted the plans online Monday afternoon, allowing consumers to “window-shop” for their 2016 health coverage.

Nationally, significant increases in premiums had been feared after insurers in some states asked earlier in the year to raise rates up to 54 percent.

In New Jersey, three plans that cover more than half of the current Obamacare customers had asked for increases of more than 10 percent. Insurers said the increases were necessary because people who had bought plans were sicker than expected.

For Washburn’s full October 26 report, click here.