NJ A3613

Specialty heart hospitals would be exempt from the 0.53 percent total operating revenue assessment paid to the Health Care Subsidy Fund if they certify they waive the right to bill patients directly for hospital services

General hospitals and non-exempt specialty heart hospitals must continue paying 0.53 percent of total operating revenue to the Department of Health monthly

The 0.53 percent assessment generates approximately $157 million annually (FY 2024 estimate) for the Health Care Subsidy Fund, which supports federally qualified health centers, charity care, NJ FamilyCare, and other health programs

The exemption would take effect immediately and apply to taxable years beginning on or after January 1 following enactment