N.J. Lawmakers Want Hard Look at Horizon Blue Cross Blue Shield For-Profit Shift
via NJ.com
TRENTON -- The Assembly Financial Institutions and Insurance Committee will meet Thursday to consider legislation to require increased public participation and independent analysis when a health insurer seeks to convert to a for-profit company.
The bill comes as the state's largest insurer, Horizon Blue Cross Blue Shield of New Jersey, seeks to convert to a for-pro...
Tuesday, May 12, 2009
Top Blue Cross and Blue Shield-Branded Managed Care Organizations Lost More Than One Million Members
HealthLeaders-InterStudy's Managed Market Surveyor-Rx Evaluates How Medical and Pharmacy Lives are Covered at National, State and MSA Levels
NASHVILLE, Tenn., May 11 /PRNewswire/ -- HealthLeaders-InterStudy, the leading provider of managed care market intelligence, reports that the 15 largest Blue Cross and Blue Shield-branded managed care organizations collectively lost more than one...
Tuesday, May 12, 2009
Plummeting Stock Prices and Shrinking Capital Cushion Could Prompt Blues Plans to Boost Premiums
Reprinted from HEALTH PLAN WEEK, the industry's leading source of business, financial and regulatory news of health plans, PPOs and POS plans.
By Steve Davis, Managing Editor, (sdavis@aispub.com), May 11, 2009
Last year's plummeting stock market, combined with low interest rates, have resulted in risk based capital (RBC) ratios that declined to levels not seen by not-for-profit Blu...
Tuesday, May 05, 2009
Horizon laying off workers
APP.com
By MICHAEL L. DIAMOND BUSINESS WRITER
Horizon Blue Cross Blue Shield of New Jersey, bracing for its first membership decline in 12 years, will lay off 170 workers, or 3 percent of its work force, company officials said Monday.
The Newark-based company's job cuts include 16 people at a claims-processing center in Wall, where it employs about 900 workers, officials...
Wednesday, April 22, 2009
NJ's Largest Health Plan
via whyy.org
New Jersey's largest health insurance plan, Horizon Blue Cross Blue Shield, is a nonprofit company now but wants to convert to a publicly traded company. It's up to the state insurance commissioner to decide if that switch is in the best interest of New Jersey residents. But a watchdog group says the state government doesn’t have the expertise to make the right call. ...
Monday, April 20, 2009
Horizon Should be More Clear About Possible Conversion
Click link below for article....
Friday, March 27, 2009
Horizon Responses to New Jersey Regulators Still Incomplete... - PRESS RELEASE
FOR IMMEDIATE RELEASE: Friday, March 27, 2009
Contact: Bruce McPherson
877-299-6497
HORIZON RESPONSES TO NEW JERSEY REGULATORS STILL INCOMPLETE, RAISE MORE QUESTIONS THAN THEY ANSWER ON ITS APPLICATION TO CONVERT TO FOR-PROFIT
WASHINGTON - Earlier this month Horizon Blue Cross Blue Shield of New Jersey responded to questions raised almost four months ago by the Departm...
Wednesday, March 11, 2009
The Medical Society of NJ Questions Horizon Responses to State of NJ Regarding Proposed Conversion
For Immediate Release Contact: Daniel Klim
March 11, 2009 (609) 896-1766 x 203
Lawrenceville, NJ -- Last week, Horizon Blue Cross Blue Shield of New Jersey
responded to questions raised in October 2008 by the Department of Banking & Insurance (DOBI) as well as the Office of the Attorney General (OAG) pertaining to the insurance giant's quest to convert from a non-profit organi...
