"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. The program would provide comprehensive health coverage competing with private insurers at the lowest possible cost to members, with premiums determined by the Commissioner of Health. It creates a Public Option Health Care Board with specific representation requirements and a trust fund to manage program finances. The program would require health care providers qualified for Medicaid, NJ FamilyCare, or Medicare to also be qualified for the public option, with payment rates established through good faith negotiations with providers.