Thousands of New Jerseyans will likely forgo Affordable Care Act health insurance next year due to sticker shock from premiums that are skyrocketing to as much as a 175% increase, state officials said on Oct. 27.

Sharp premium increases will affect more than 466,000 residents who get federal subsidies through Get Covered NJ, the state's ACA marketplace. The future of those subsidies are at the heart of the federal government shutdown.

"We are significantly concerned that many households will be forced to choose plans with lesser coverage or choose no coverage at all as a result,” state Banking and Insurance Commissioner Justin Zimmerman said in a statement.

The warning comes as key tax credits for ACA insurance is set to expire on Jan. 1. It is one of the central conflicts between Democ

See Full Page