Bill > S3470

This bill allows the Director of the Division of Purchase and Property to use auction or reverse auction procedures when seeking bids for contracts related to health care services and benefits, including those for the State Health Benefits Program, the School Employees' Health Benefits Program, and the Medicaid Managed Care Program. A reverse auction is a type of bidding process where sellers compete to offer the lowest price for a good or service, and pricing is revealed to all qualified bidders during the auction. Previously, these specific health care contracts were excluded from this type of bidding process, except for pharmacy benefit management contracts. The bill aims to enable the state to potentially secure more advantageous pricing for these essential health services by allowing for more competitive bidding through these auction formats, provided the director determines it will benefit the state.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2026/S3470