New Jersey Citizen Action celebrated the advancement of a bill that would subsidize health insurance for some New Jersey residents through a tax on insurance providers equal to 2.75% of their net written premiums.
“This is smart fiscal and health policy that picks up funding discarded by Congress that will be used to expand affordable health coverage for many New Jerseyans,” said Maura Collinsgru, NJCA Healthcare Program Director. “It will help decrease the rising rate of uninsured caused by the pandemic and help the close the longstanding racial and socio-economic coverage gap that persists in healthcare.”
The Assembly Financial Institutions Committee advanced the measure in a 9-4 vote along party lines.
“We urge the entire state Legislature to support this legislation as an important component of ensuring a complete state recovery from the COVID-19 health crisis, and for achieving our shared goal of affordable coverage for all New Jersey residents,” Collinsgru said.