Bill
Bill > S3512
NJ S3512
NJ S3512Increases annual assessment on net written premiums of HMOs from five percent to six percent.
summary
Introduced
06/26/2024
06/26/2024
In Committee
06/26/2024
06/26/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill increases the annual assessment on net written premiums of HMOs from five percent to six percent. The Governor's Fiscal Year 2025 budget recommendations include enactment of the bill. The Department of the Treasury estimates that the bill will increase gross revenue to the Health Care Subsidy Fund by $83 million.
AI Summary
This bill increases the annual assessment on net written premiums of Health Maintenance Organizations (HMOs) from 5% to 6%. The bill is part of the Governor's Fiscal Year 2025 budget recommendations and is estimated to increase revenue to the Health Care Subsidy Fund by $83 million. The assessment funds are used to provide charity care payments to hospitals.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Substituted by A4705 (on 06/28/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S3512 |
| Analysis - Statement SBA 6/26/24 | https://pub.njleg.gov/Bills/2024/S4000/3512_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3512_I1.HTM |
Loading...