The resolution establishes a special committee known as the New Jersey Public Employee Health Care Program Costs Investigation Committee, which will consist of 14 members appointed by the President of the Senate and the Speaker of the General Assembly. The committee is tasked with investigating the recent increases in premiums and charges associated with the State Health Benefits Program and the School Employees Health Benefits Program. It will examine the rationale behind these increases, the contract negotiations with Horizon Blue Cross Blue Shield aimed at cost reduction, and any alleged interference from the Governor's Office regarding contract disputes and negotiations.

The committee is empowered to conduct hearings, issue subpoenas, and gather evidence to fulfill its mandate. It will also assess the implementation of a 2019 law that established subaccounts within the health benefits programs and required the hiring of a third-party medical claims reviewer. Upon completion of its investigation, the committee is expected to produce a report detailing its findings and offering legislative recommendations to address the issues identified. The resolution takes effect immediately and will remain active until the committee's investigation concludes.