DeANGELO: HEALTH INSURER PAY HIKES AN AFFRONT TO HARD-WORKING NEW JERSEY FAMILIES

Calls on Christie to Hold Horizon Blue Cross Blue Shield to Pay-Freeze Standards

(HAMILTON) – Assemblyman Wayne DeAngelo (D-Mercer/Middlesex) released the following statement Tuesday after The Asbury Park Press revealed William J. Marino, president and CEO of Horizon Blue Cross Blue Shield of New Jersey, was paid $8.7 million last year, a 59 percent increase from 2008, while other company executives also enjoyed huge pay hikes:

“The salaries and pay hikes given to these executives are an affront to hard-working families and small business owners throughout New Jersey who struggle daily to pay for their health insurance and make ends meet.

“These salaries and pay hikes cannot in any way be justified while families and businesses are paying thousands of dollars per month for health care.

“These pay hikes are, quite simply, wrong. I hope these executives do the right thing and return this money to the consumers through lower premiums and expanded health care services.

“I also call on Gov. Christie to hold this company and its wealthy executives to the same standards he has applied to middle-class public workers making $50,000 a year.

“If middle-class working families are expected to agree to wage freezes and givebacks, then multi-millionaire insurance company executives should be held to the same standard. I look forward to Gov. Christie going after these executives as aggressively as he has middle-class workers.”

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