New Jersey Senate Bill S1763

New Jersey 2022-2023 Regular Session

• Introduced: 2/28/22
• Refer: 2/28/22

Caption

Requires Mandated Health Benefits Advisory Commission to study financial impact of all enacted mandated health benefits.

Impact

The ongoing evaluations directed by this bill aim to provide the Legislature and the Governor with a clear understanding of how mandated health benefits influence both the financial landscape for consumers and access to healthcare services. By requiring the Commission to report findings every two years following enactment, the bill ensures that stakeholders remain informed about the effectiveness and financial implications of these mandated benefits. This could lead to significant policy recommendations, including potential repeal of certain mandates.

Summary

Senate Bill 1763, introduced in New Jersey, mandates the Mandated Health Benefits Advisory Commission to conduct a comprehensive analysis of the financial impacts associated with all enacted mandated health benefits. The bill requires that this review be performed periodically and focuses on three critical areas: the total costs to purchasers and benefits costs, the increased utilization of treatments or services due to these mandates, and any resultant savings to the healthcare system through enhanced access to preventive care.

Contention

The bill could stir discussions among legislators regarding the balance between mandated health benefits' role in ensuring access to necessary services versus the financial burden they may impose on healthcare systems and insurance providers. Those in favor argue for increased transparency and accountability in health benefit mandates, while opponents may express concerns over the potential for reduced coverage options and the challenges of accessing affordable healthcare services.