NJ's top Republican says party is focused, despite Democratic wins - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 24, 2017 Newswires
Share
Share
Post
Email

NJ’s top Republican says party is focused, despite Democratic wins

NJBIZ

Kean also said members of the party will reach across the aisle on pressing issues, even though they are outnumbered 25-15 in the Senate and 54-26 in the Assembly.

Were still unified, said Kean. Its still important that we contribute to solutions and engage in debates focusing on the issues and concerns of residents across the state. There are many things we can do to start to reduce the tax crisis. [State Republicans] have offered over the last several years, a common sense plan that will bring businesses here.

Kean said that Republicans will advocate for tax reform legislation proposed earlier this year by state Senator Jennifer Beck (R 11th District). Her legislation proposes raising the $,000 limit on state income tax deduction for property taxes paid by home owners and renters by $2,500 per year over a three-year phase-in period.

Kean said that legislation is particularly crucial now given that under the controversial GOP tax plan being debated in US Senate, federal income tax deductions for state and local taxes would be eliminated.

I think we have to be very focused on whats happened on the federal level, and how federal tax policy may compound taxes on the state level. We need to be focused on legislation that will not increase the tax burden on people in the state he said. The cost of living here is too high.

Kean also said that a proposed bi-partisan solution to raising minimum wage to $15 per hour would be too much of a burden on companies operating in the state. He did acknowledge that the issue might be a battle, since Governor-elect Murphy advocated raising the states minimum wage to $15 throughout his campaign.

Senate Republicans believe we can increase minimum wage by a moderate amount, but thats not $15, he said. We can raise it and reduce the tax burden on the middle class. I think we can find some real common ground here, he said.

Kean has proposed that if state Democrats can reduce the income tax for families earning less than $1,000 and individuals earning $50,000 to $70,000, the Republicans would be willing to support a moderate raise in New Jerseys minimum wage to a fair level.

We have no intention of being the party of no, he said. I think there are seasonal differences, there are age differences, there are training differences when people look to see whatever the extent of the minimum wage is, it should certainly be less than $15, because that would drive many businesses and employees out of work, said Kean.

Healthcare is another bi-partisan issue that Republicans will look to address. In particular, state politicians on both sides of the aisle are expected to continue to focus on a bill that has floated in the Senate since the summer that would cap the costs charged by out-of-network doctors.

The bill was introduced by Senator Paul Sarlo (D 36th District) and would not require patients to pay more than theirusual co-payment if theyreceive care froman out-of-network hospital ordoctor. The bill would shield patients from getting a big charge by an out-of-network doctor, such as an anesthesiologist, even if they are undergoing surgery at an in-network hospital.

It would also create a single, binding arbitration process to settle disputed bills for out-of-network emergency care, and require transparency from doctors and hospitals by compelling them to reveal whether they are part of an insurance network before treatment is administered.

The Senate bill estimates that out-of-network doctors in the state have cost state residents roughly $1 billion per year.

Organizations such as the New Jersey Business and Industry Association, as well as Horizon Blue Cross/Blue Shield of NJ, support the bill.

You have a microscopic number of largely specialists and super-specialists who are out-of-network and driving up the cost of healthcare astronomically, said William Castner, senior vice president of corporate and regulatory affairs at Horizon, during a NJBIA healthcare conference last month.

I think the overall concern here is to find common ground on the transparency issue on out-of-network doctor costs, Kean told NJBIZ. There is one version that Senator Sarlo has sponsored that is focused on transparency. The version in Assembly has already been passed, so there is already a solution to this. We will work to get a bipartisan agreement on it. Copyright 2017 BridgeTower Media. All Rights Reserved.

Older

Insurance agency recognized for 100 years of service

Newer

Obamacare enrollment grows in the Puget Sound area, despite questions about its future

Advisor News

  • The conversation almost no advisor is having yet
  • Why advisors should offer retirement-longevity planning
  • A hybrid approach outperforms the 4% Rule, researchers find
  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
More Advisor News

Annuity News

  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
More Annuity News

Health/Employee Benefits News

  • Neighborhood Healthcare Urges CMS to Revise Medicaid Community Engagement Rules to Protect Vulnerable Patients and Support Health Centers
  • Tower MSA Partners and Claimify Announce the Addition of Louis Porrazzo to Executive Team
  • How One Patient Saved $20,000 on Surgery – and How You Can Too
  • Healthcare costs will burden us all
  • THE REALITY OF MEDICAID COVERAGE FOR CHILDREN IN 2026
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • The conversation almost no advisor is having yet
  • DELAWARE INSURANCE DEPARTMENT DETAILS REVIEW OF BRIGHTHOUSE ACQUISITION
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • Court losses bring Greg Lindberg fraud victims closer to restitution
  • NAIFA Past President Robert M. Nelson to receive the life insurance industry’s highest honor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet