Employers pay $4.2B more than they owe for workers compensation coverage
New Jersey is facing a $4 billion bill to pay for the health care insurance policies that workers had sought under the Affordable Care Act.
The total amount the state will pay for workers’ compensation coverage was not disclosed in a statement on Monday.
The state has said that a total of $4,521 million would go to covering about 25,000 workers and their dependents who had received coverage under the law.
Employers are required to pay $5,000 for workers who get covered under the ACA, but New Jersey officials say that total amount is only $1,000 and not the full amount due.
The state has long struggled to pay its workers’ comp costs, which are estimated to have been around $12 billion, the New Jersey Union-Tribune reported.