A 540 (see companion bill S 395) – New Jersey

Status: Inactive / Dead
Year Introduced: 2020
Link: https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A540

This bill would expand the federal Medicare health care coverage program to every New Jersey resident, regardless of age, health, or disability status. Currently, Medicare is generally available only to people who are age 65 years or older, who have a disability, or who have certain specified health conditions. The bill requires the State to apply to the federal Centers for Medicare & Medicaid Services (CMS) for any waiver of federal statute or regulation necessary to effectuate this expansion of Medicare. The application would allow New Jersey to replace federal, State, and local health care programs with universal coverage through New Jersey Medicare. CMS would estimate the cost of providing Medicare for all New Jersey residents, and will deduct the estimated revenue from Medicare and Medicaid payments that New Jersey residents, the State of New Jersey, and the federal government pay to offset those costs. CMS willestablish Medicare premiums for New Jersey residents accordingly. Upon the enactment of universal Medicare coverage in New Jersey, the bill would prohibit any health insurance carrier from
offering a health benefits plan that includes coverage for health care
services covered by Medicare. This provision would ensure full participation in the Medicare program, which would increase enrollment and thus spread the risk of insurance over a larger population to achieve greater cost efficiency in the health care sector.

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