New JerseyNew Jersey would hire one prescription benefits manager for public employees
New Jersey’s Treasury would seek bids by January 1, 2030, for one company to manage prescription coverage for eligible public workers, retirees, and dependents.
What it does
Treasury would hire one company to manage prescription benefits for two public employee health programs. The contract would send all rebates to the state and ban requiring members to use specific pharmacies.
Argument forPassing all drug rebates to Treasury could help the state pay for prescription coverage for eligible workers, retirees, and dependents.
Argument againstExcluding companies with certain pharmacy ties or drugmaker payment deals could leave New Jersey fewer bidders for the single contract.
More detail
Treasury would hire one company to manage prescription benefits. Coverage would include eligible employees, retirees, and dependents in the State Health Benefits Program and School Employees’ Health Benefits Program. The manager would send all drug rebates to Treasury. It could not require members to use a specific pharmacy or a mail-order pharmacy. Treasury would request bids by January 1, 2030, when the bill would take effect.
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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
- Oct 19Introduced, Referred to Assembly Financial Institutions and Insurance CommitteeIntroduced
HealthcareGovernment & Ethics