Bill > A4713

Introduced Session

This bill creates the Health Care Cost Containment Commission (commission) in the Department of Health and appropriates $5 million. Under the bill, the purpose of the commission is to: establish data analytics and reporting mechanisms to ensure healthcare affordability, informed policymaking and access for future generations; review health care expenditures in New Jersey; identify trends in health care cost growth and hospital price growth; identify drivers of health care cost growth including hospital price growth; establish and adopt a health care cost growth benchmark; consider factors in health care cost growth; and identify health care providers and insurance companies that exceed the health care cost growth benchmark. The commission is to consist of 15 members as provided for in the bill, and is to set a cost growth benchmark that may be charged by health care facilities for health care services. In addition, the commission is to establish goals of reducing the rate of growth in per capita total health care spending, promoting an affordable pricing environment that maintains access to high quality care, health equity, and lowering consumer spending on premiums and out-of-pocket costs. The bill appropriates from the General Fund to the Department of Health such sums as may be necessary to effectuate the purposes of this bill, but not to exceed $5 million.

AI Summary

Committee Categories

Linda Carter (D)*,  Verlina Reynolds-Jackson (D)*, 

Introduced, Referred to Assembly Health Committee (on 09/12/2024)

Official Document