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Health Benefit Costs as a Percent of the State Budget Have Doubled in the Last 10 Years

10%

9%

8%

7%

% OF TOTAL BUDGET

6%

5%

4%

3%

2%

1%

0%

FY 01

FY 02

FY 03

FY 04

FY 05

FY 06

FY 07

FY 08

FY 09

FY 10

FY 11

FY 12*

*Without the Administration’s proposed health reforms, health costs in FY12 would represent 9% of the State Budget

Likewise, rising costs in New Jersey’s generous public employee health benefits system continues to add spending pressure on the State’s budget. The State of New Jersey will spend $2.4 billion in fiscal year 2012 on employee and retiree health benefits. Without reform, these costs – which have already doubled as a percentage of the State budget since 2001 – would rise 40% over the next four years.

10

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