Bill > S4067

This bill requires health insurance carriers (such as insurance companies, health maintenance organizations, and medical service corporations) to reimburse healthcare providers for vaccines at a rate equal to or higher than the Centers for Disease Control and Prevention (CDC) cost per dose rate. Specifically, the reimbursement rate will be based on the CDC vaccine price list's cost per dose at the exact date the vaccine was administered. The bill will take effect on the first day of the 13th month after its enactment and will apply to insurance contracts entered into or renewed after that date. This legislation aims to ensure that healthcare providers are fairly compensated for vaccine administration by using a standardized, government-established pricing benchmark from the CDC, which provides both public and private sector vaccine pricing information.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/S4067