NorthJersey.com

Menendez Outlines Benefits For N.J. Under New Health Care Law

The Record (NorthJersey.com) — Monday, March 29, 2010

BY LINDY WASHBURN
The Record
STAFF WRITER

A North Jersey small-business owner, a senior citizen and an uninsured recent college graduate each spoke about how they will benefit from federal health reforms at a gathering Monday to thank U.S. Sen. Bob Menendez for his role in crafting the law.

The small-business owner, Henry Passapera of P&R Trading in East Rutherford, anticipates a 35 percent tax credit for the premiums he pays to insure his nine-member workforce.

Milly K. Brown, 78, of East Windsor anticipates $250 from the federal government to help her through the shortfall in Medicare's prescription drug plan this year, with more coming each year until the "doughnut hole" is eliminated.

And the recent college graduate, Anisha Perez, 23, of Weehawken, is looking forward to receiving coverage through her parents' insurance plan while she works part time.

"The days of worrying about health insurance are soon coming to an end," Menendez said at a press conference at Englewood Hospital and Medical Center.

He listed the health-insurance changes New Jersey residents will see this year:

"My business may be saving thousands of dollars with this bill," said Passapera, co-owner of an airplane parts dealer. P&R Trading will be eligible for tax credits on a sliding scale because it employs fewer than 25 people, with average wages less than $50,000 a year. He also looks forward to the new insurance exchanges, which will allow his business to pool its coverage group with others to negotiate lower rates, he said.

Special relief for New Jersey hospitals was also included in the law. Englewood Hospital's board chairman, Jay Nadel, thanked Menendez for a provision that is expected to provide an increase of $70 million a year in federal reimbursement annually to the state's hospitals.

New Jersey will receive $480 million in additional federal funding in 2014 to subsidize purchase of private health insurance by low-income people, with that number climbing to $1.3 billion the following year, according to a separate report released Monday by Health Care for America Now.

Over the next 10 years, the state will receive a total of $28 billion from the federal government to help expand Medicaid and subsidize the purchase of private health insurance, the report said.

Top Top | NJCA in the News | NJCA Homepage