NJ Blue change to for-profit could prompt wave of followers
By Anne Zieger
FierceHealthFinance
Right now, executives with Horizon Blue Cross Blue Shield of New Jersey are nervously waiting to find out whether the state attorney general and insurance commissioner will let it convert itself from a not-for-profit entity to a for-profit. At the moment, however, no one knows whether the health plan will succeed in getting regulatory permission to d...
Wednesday, September 10, 2008
N.J. Blue Cross may cut Philadelphia hospitals from coverage
By Stacey Burling
The Philadelphia Inquirer
In the midst of its campaign to convert into a for-profit company, Horizon Blue Cross Blue Shield of New Jersey is threatening to cut two Pennsylvania hospital powerhouses out of its
treatment networks.
Horizon has notified subscribers that it is terminating contracts with Children's Hospital of Philadelphia and the Unive...
Wednesday, September 10, 2008
State releases Horizon Blue Cross/Blue Shield documents
by Susan K. Livio and Joe Donohue
The Star Ledger
State officials today made public nearly 500 pages of documents submitted by Horizon Blue Cross/Blue Shield of New Jersey as it seeks approval to become a profit-making enterprise.
Horizon officials contend transforming the company will enable it to best compete in the turbulent health insurance market. The company's appli...
Tuesday, September 09, 2008
Horizon's For-Profit Move Hardly Altruistic
By DR. MICHAEL FELICETTA
The op-ed piece by William Marino, president and CEO of Horizon Blue Cross
Blue Shield of New Jersey, regarding his company's effort to become a
for-profit corporation was laughable and erroneous. ("Horizon conversion
plan requires full public vetting," Aug. 28.)
He intimates that a for-profit company will give Horizon "the abilit...
Tuesday, September 09, 2008
Horizon will honor referrals to CHOP, HUP, patients assured
By BEN LEACH
Press of Atlantic City
Horizon patients will still be able to receive services at the Children's Hospital of Philadelphia and the University of Pennsylvania Hospital System, if they are referred, the company said.
Horizon Blue Cross and Blue Shield plans to end its contracts this spring with the two hospital systems.
In many cases, patients with Ho...
Wednesday, September 03, 2008
A Wave of For-Profit Conversions May Be on the 'Horizon' if Insurer's Request Is Approve
By Steve Davis, Managing Editor
Health Plan Week
If approved, Horizon Blue Cross Blue Shield of New Jersey's application this month to convert to for-profit status could prompt other not-for-profit Blues plans to consider a similar move. Horizon says a conversion would generate at least $1 billion for the state to support insurance subsidies and fund public-health programs.
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Wednesday, September 03, 2008
Price Strategy Puts WellPoint in Bind
By VANESSA FUHRMANS
Wall Street Journal
At WellPoint Inc., the nation's largest health insurer, Chief Executive Angela Braly is attempting a delicate balancing act: raising premiums enough to placate investors but not so much as to send customers fleeing elsewhere.
Since taking the helm at the Indianapolis-based company 15 months ago, Ms. Braly has tried to reverse a margin de...
Wednesday, August 27, 2008
Marino: Health insurance shift will benefit New Jerseyans
William J. Marino is president & CEO of Horizon Blue Cross Blue Shield of New Jersey.
FOR MORE than 75 years, millions of New Jersey residents have trusted Horizon Blue Cross Blue Shield of New Jersey for their health insurance needs. We feel a special obligation to maintain that trust and to continue to be there when we're needed. This is one reason behind Horizon's decision to f...
