Gov. Phil Murphy’s 2020 budget calls for a “corporate responsibility fee” aimed at penalizing businesses that do not offer health plants to their workers.
A $150 fee would be levied against any business with at least 50 employees, if any of those employees are enrolled in Medicaid.
Roughly 1 million New Jersey residents receive Medicaid benefits. The law would target 956 employers which encompass 451,000 private workers, and their families, that receive Medicaid.
“We will do more to alleviate the costs pushed onto our Medicaid system by large employers who leave workers to rely on Medicaid, instead of offering a health care plan,” Murphy said. “They should share in the burden of paying for their employees’ care, rather than leaving it to the rest of us,” Murphy said at his budget address on Tuesday.
The current fiscal year ends June 30.