Measure to Convert Horizon Blue Cross Blue Shield of New Jersey to Not-for-Profit Mutual Holding Structure
Seeking to level the playing field and bolster Horizon’s capacity to provide robust healthcare services, Assemblyman John McKeon (D-Essex, Morris) released the following statement regarding legislation introduced Monday:
“Increasing access to health care, bolstering affordability, and ensuring the delivery of quality care throughout New Jersey has always been a top priority for the state.
“By moving Horizon toward a not-for-profit mutual holding structure, this legislation expands the corporation’s opportunities for investment in new technologies and other healthcare avenues. With an increased flexibility to provide its policyholders with more innovative products and services, Horizon would become more competitive, putting it on equal footing with industry competitors.
“It’s a win-win for Horizon policy holders and all NJ residents to assure access to affordable, quality healthcare.”