New Jersey and its public employees will pay more for health insurance coverage next year.
Rates for 2012 health insurance plans will rise by an average of 9% for active state employees, 3% for retirees and a whopping 10.3% for municipal employees.
The health insurance price hikes reflect higher premiums that the state must pay—a portion of which is being passed on to government employees and retirees.
Employers of all kinds have increased employee cost-sharing to deal with skyrocketing health insurance premiums.
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