S 3470
Allows reverse auctions for certain health benefits.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill allows the state of New Jersey to use reverse auctions for certain health benefits contracts. Specifically, it enables the Director of the Division of Purchase and Property to structure bid advertisements to include reverse auction procedures for healthcare services and provider networks. This aims to promote competition and potentially lower costs for these programs, including the State Health Benefits Program, the School Employees’ Health Benefits Program, and Medicaid Managed Care Program. The bill modifies existing procurement regulations to accommodate this new approach.
Sponsors
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Primary sponsor
James Beach
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