SENATE BUDGET AND APPROPRIATIONS COMMITTEE

STATEMENT TO

SENATE, No. 2759

STATE OF NEW JERSEY

DATED:  JUNE 18, 2018

      The Senate Budget and Appropriations Committee reports favorably Senate Bill 2759.

      This bill that, effective July 1, 2018, the per adjusted admission charge of $10 assessed pursuant to Section 7 of P.L.1992, c.160 (C.26:2H-18.57) shall apply to all general acute care hospitals, rehabilitation hospitals, and long term acute care hospitals. Any General Fund savings resulting from the assessment meeting the permissibility standards set forth in 42 C.F.R. s.433.68 shall be used to create a supplemental funding pool, known as Safety Net Graduate Medical Education, for the State’s graduate medical education subsidy.

FISCAL IMPACT:

      The Office of Legislative Services estimates that the bill will result in indeterminate annual increases in State revenue collections, federal matching funds received by the State, and expenditures of the additional State and federal funds.