HomeEverything
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
← All Stories

New Jersey to charge companies with workers on Medicaid; other states may follow

Created at 2 Jul · 4:10 AM1 source↑ Market-relevant
IN SHORT

New Jersey will begin charging companies a fee for each employee and their dependents covered by Medicaid, aiming to raise $145 million annually. The move, supported by Democrats, is seen as a way to fund the program amid expected federal cost increases and potential coverage reductions. Business groups and some liberal organizations oppose the measure.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$145 millionNew Jersey's expected annual revenue from Medicaid fees
50minimum number of workers on Medicaid to trigger the fee
$325annual fee per employee for companies with 50-249 beneficiaries
$725annual fee per employee for companies with 500+ beneficiaries
10 millionpeople expected to be uninsured by 2034 due to federal policy changes

Who's Involved

Mikie Sherrill
New Jersey Governor who signed the employer fee measure
John Laird
California State Senator who sponsored the state's proposal
Gavin Newsom
California Governor whose successor will implement the state's potential charge
Xavier Becerra
Democratic gubernatorial candidate in California who supports an employer charge
Christopher Emigholz
Chief government affairs officer at the New Jersey Business and Industry Association
Gideon Lukens
Health policy analyst at the Center on Budget and Policy Priorities
Ned Lamont
Connecticut Governor seeking a third term, proposing a similar measure

↳ Why This Matters

This policy shift in New Jersey and potential adoption by other states could significantly impact employer costs and the landscape of health insurance coverage for low-income workers, potentially influencing hiring practices and state budgets.

Key facts

  • New Jersey will charge employers a fee for each employee and dependent covered by Medicaid.
  • The state expects to raise $145 million annually from this new program.
  • Fees range from $325 to $725 per person per year, depending on the number of Medicaid beneficiaries.
  • California, Colorado, Oregon, and Connecticut are considering similar measures.
  • Business groups argue the fee unfairly penalizes employers for employee decisions.
  • Some liberal organizations worry the fee could discourage hiring low-income workers.

New Jersey is implementing a new fee on companies that have employees enrolled in Medicaid, a joint federal and state health insurance program for low-income residents. The measure, signed into law by Governor Mikie Sherrill, is projected to generate $145 million annually for the state. The fee structure varies based on the number of employees utilizing Medicaid, ranging from $325 to $725 per person per year.

This initiative is part of a broader trend among Democratic-led states seeking to offset rising Medicaid costs and potential federal funding shifts. California has passed legislation directing its administration to explore similar employer charges, while Colorado, Oregon, and Connecticut have also seen related proposals. Proponents argue the fees promote fairness, as employers benefit from having a workforce with taxpayer-funded health coverage, especially when compared to smaller businesses that provide insurance.

However, the proposal faces significant opposition from business groups, who argue it unfairly penalizes employers for decisions made by their employees. Some liberal policy organizations also express concerns that such fees could discourage hiring from low-income households, lead to fewer job opportunities, or influence hiring and location decisions. New Jersey's law includes exemptions for temporary and part-time workers and prohibits employment decisions based on Medicaid status to mitigate some of these concerns.

Similar employer-focused Medicaid policies have been attempted in the past. Massachusetts enacted a charge in 2017 that expired after a year, and an earlier Maryland policy targeting Walmart was struck down in federal court. Current proposals aim to avoid legal challenges by not directly referencing employer health plans.

Frequently asked questions

The fee aims to help fund the state's Medicaid program, which is expected to become more expensive due to federal policy changes. It is also seen as a measure of fairness to employers who do not provide health insurance.

The state budget counts on raising $145 million this year from the program.

Business organizations and some left-leaning policy organizations oppose the charges, citing concerns about unfair penalties and potential negative impacts on employment.

Yes, Massachusetts had a similar employer charge from 2018 to 2019 that was not renewed. An earlier policy in Maryland was stopped by a federal judge.

What Happens Next

01California administration to present options for an employer charge next year.
02Connecticut's proposed measure to be part of the state budget in two years.
03Other states may consider similar legislation.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

New Jersey Governor Mikie Sherrill signed a measure to charge employers with workers on Medicaid.
The state budget counts on raising $145 million this year from the program.
Companies will be billed per employee and dependent receiving Medicaid.
Fees range from $325 to $725 annually per beneficiary.
California passed a bill directing its administration to present options for a similar charge.
Legislation with similar intent passed one chamber in Colorado and Oregon.
Connecticut Governor Ned Lamont has proposed a similar measure.
Business groups criticize the fee, citing unfair penalties for factors outside their control.

Sources

T1
New Jersey is set to charge companies with workers on Medicaid. Other states may follow.AP News

Related Stories

California voters to decide on billionaire tax and local tax limits
1 Jul · 9:05 PM
Medicare launches $50/month obesity drug program, stoking shortage fears
1 Jul · 10:04 AM
Trump Administration Probes California Coastal Commission Over SpaceX Launches
2 Jul · 12:20 AM
Ohio judge to rule next week on NCAA eligibility lawsuit
1 Jul · 10:20 PM
Judge blocks Colorado's Enbrel price cap, citing federal law
1 Jul · 8:58 PM