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Caride: Governor’s Horizon Raid Proposal Foolhardy & Dangerous

(TRENTON) – Assemblywoman Marlene Caride (D-Passaic/Bergen), who is a member of the Assembly Financial Institutions and Insurance Committee, issued the following statement Friday in opposition of Gov. Christie’s proposal to raid Horizon’s reserves:

“Recent reports that the administration’s insurance experts have not been given the opportunity to offer the Governor advice on his plans to reform Horizon, and the warning from Standard & Poor’s that any attempts to raid Horizon’s reserve funds would destabilize the company and harm consumers make it crystal clear that any Horizon legislation we see will be politically driven and wrong for New Jersey. These are real consequences with life and death implications. Now is not the time to play games with people’s health care.”