New JerseyState and school health plan consultants would present yearly rate analyses
If enacted, new or renewed contracts for New Jersey’s state and school employee health plans would require consultants to present yearly cost and rate analyses.
What it does
For contracts entered into or renewed on or after the bill takes effect, consultants for both health plans would present a current-year analysis by December 1 and a next-year rate analysis by June 1.
Argument forThe deadlines could give lawmakers and public employees more time to review health plan costs before budgets are adopted.
Argument againstA June 1 deadline for next year’s rate analysis might leave consultants without cost information from later months.
More detail
The two health plan commissions would require consultants to prepare and present two analyses each year. It covers consultants hired by either commission for health plan cost analysis or rate-setting work. The requirement applies only to contracts entered into or renewed on or after the bill takes effect. If enacted, the bill would take effect immediately. An analysis for a plan year ending December 31 is due by that December 1. The rate analysis for a year beginning January 1 is due by June 1 of the preceding year.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 17Introduced, Referred to Assembly State and Local Government CommitteeIntroduced
HealthcareTaxes & Budget