New Jersey to charge companies with workers on Medicaid

New Jersey is launching a new fee on companies whose workers have Medicaid health coverage instead of being covered by their employers. It's part of the budget Gov. Mike Sherrill signed on Tuesday. It's a way to offset the cost of cuts to Medicaid passed by President Donald Trump and Republicans last year. The nonpartisan Congressional Budget Office expects the cuts to leave more than 10 million people uninsured by 2034. The fees would start at $325 a year per person for smaller companies and top out at $725 annually for employers with at least 500 workers on Medicaid. States like California are now considering following New Jersey's lead. (photo credit: Getty Images)