Leading New Jersey employer and physician organizations released a letter opposing a proposed new tax on health insurance moving through the New Jersey legislature, S-2676 and A-4389, according to a story in ROI-NJ this week.
The New Jersey legislation aims to raise $300 million by levying a 2.75% tax on health insurance coverage purchased by New Jersey employers, working-class families, and seniors on certain Medicare plans.
“Local businesses across the state are already struggling to keep their doors open and their employees on payroll, and a new tax on health insurance will only make matters worse,” said Michele Siekerka, President and CEO of the New Jersey Business and Industry Association. “However well-intentioned this legislation may be, now is not the time to ask New Jersey businesses, employees, and families to shoulder added costs for their health care coverage.”
