New Study Shows Cost Savings Across New Jersey If State Health Care Was Used More Often
By David Madden
PHILADELPHIA (CBS) – New Jersey’s fiscal watchdog believes counties and towns across the state could save a good deal of money on health care coverage if they just considered all their options.
State Comptroller Matthew Boxer sampled four governmental entities, including Haddon Township, and found they could have trimmed health care costs by $12.5 million over two years all together, if they had been part of the state’s health plan. Two thirds of the state already is. Now consider the rest that aren’t.
“We project that the total savings could collectively be more than $100 million a year if each of those towns made the switch to join the state plan instead of going their own route,” said Boxer.
In most cases, he found that governments that don’t either aren’t getting the idea from their insurance broker, or there may be concerns with issues like co-pays for medicines or services.
Bottom line, he suggests elected officials at least consider the state plan which, given its’ size, is saving a lot of towns money.