"New Jersey Public Option Health Care Act."

The New Jersey Public Option Health Care Act would establish a state-run health insurance program available to all New Jersey residents, offering comprehensive coverage that competes with private insurers. The program, administered by the Department of Health, would create a public option health care board with representation from consumers, providers, hospitals, labor, and health care finance experts. Premiums would be set at the lowest possible cost to members while ensuring program viability, and participating health care providers would be required to follow specific standards while maintaining patient confidentiality. Funding would come from member premiums, federal payments secured through waivers, and state funds deposited into a dedicated trust fund.