Murphy Wants $500Million Savings in Public Health Care Benefits

TRENTON — New Jersey Gov. Phil Murphy says the state will save about $500 million over two years under proposed changes to public health benefits.
The Democrat announced the union-backed changes on Monday, just days after he announced that a task force he formed is touring the state seeking ideas on how to cut costs.
The $496 million in savings over two years represent about 15 percent of the $3.4 billion New Jersey paid this year for 800,000 retirees and active workers. Murphy says the state could save $274 million in 2019 and $222 million in 2020 through encouraging in-network care and the use of generic pharmaceuticals.
The freshman governor praised the deal as good for workers as well as taxpayers.
The plan faces a final vote before a benefits commission Wednesday.

https://www.pressofatlanticcity.com/news/gov-murphy-announces-m-in-benefits-savings-over-two-years/article_9383f861-8436-5798-ba09-18d645c5851d.html