Posted on 08/01/2020 12:14:29 AM PDT by lowbridge
A new bill in Trenton has been passed and is headed for Governor Phil Murphy’s desk that includes a 2.5% tax on health insurance for everyone in New Jersey. That money will be put in a health insurance affordability fund to provide health insurance for illegal aliens and to support the NJ FamilyCareAdvantage program.
The bill requires entities to pay an annual assessment that is 2.5% of the entity’s net written premiums as defined by the bill.
The bill requires the commissioner to calculate and issue to the health provider a certified assessment that is 2.5% of the entity’s net written premiums. The bill requires entities to pay the assessment issued by the commissioner to the State Treasurer no later than May 1 of each year, as prescribed by the commissioner.
(Excerpt) Read more at shorenewsnetwork.com ...
A good time for more taxes.
The economy is roaring in NJ...
Exactly right!
The ObamaCare mandate has effectively been eliminated. Interestingly, New Jersey is one of the states that passed its own STATE mandate that has similar penalties to the ones the ACA had. So it’s even more ludicrous than what you’ve posted.
There are no Citizens here. We’re simply feed-stock for the Elites.
You seem to have gotten up on the wrong side of the bed. Leave the insults out, they do you no credit. New Jersey is a high tax state and has been for a long time. That’s the main reason people leave. The argument that NJ and other northeastern states are “givers” whereas low tax Southern states are “takers” is because retired people move there. The fact that they receive federal benefits such as Social Security and Medicare is precisely the reason why more federal money goes to those states than to NJ and other Northeastern states, along with the fact that most federal facilities such as military bases are located there. We know a number of couples who have moved out. They pay about ten percent of the property taxes they were paying previously. The problem is that NJ people tend to take their voting habits with them and vote for those very policies which created the conditions they are fleeing.
Well in NJ, a fool and his money is soon taxed.
This is the Demoncrat party: you own a home, tax it. You have a job, tax that. You can “afford” insurance, tax you. You own a vehicle, tax that. If you’re a degenerate, X gender, too fricken lazy to work, drug addict, hate America, love BLM, destroy the country, get your nails and hair done every week, several out of wedlock kids, illegal immigrant, PAY YOU.
I used to manage the payables to docs and hospitals for my company and the new jersey business was always a pain in the butt. I would tell my boss to sell the business because it didn’t make any money.
Bump
You can bet that if entities are taxed at 2.5% their premiums will grow by at least 3.0% to compensate.
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