Christie keeps up push for Horizon profits quoting : nj 1015

Now, I also think about the outrageous and offensive executive salaries that are being paid at a nonprofit," Christie said. The measure would require Horizon Blue Cross Blue Shield to use its surplus to provide access to cancer patients, veterans, and those with substance abuse disorders. The proposal comes after Christie, in his budget speech, said that he wanted Horizon to voluntarily pay into the fund; the company has refused, saying its reserve doesn't represent excess profits, as Christie calls it. Chris Christie says he has submitted legislation requiring the state's largest health insurer to use its surplus to expand coverage. During a speech to the Commerce and Industry Association of New Jersey on Thursday, Christie accused Horizon Blue Cross Blue Shield of "profiteering on taxpayer money and profiteering on the poor" with Medicaid money that was available after his administration expanded Medicaid.




"Horizon Blue Cross Blue Shield is the state's leading health insurance company, providing coverage to nearly 4 million people. Chris Christie outlined a plan that would overhaul Horizon Blue Cross Blue Shield, increasing financial transparency and disclosure, expanding its board, and tapping into its revenue to help fund New Jersey's urgent public health needs. When negotiations fell apart, Christie called Horizon out during his budget speech, saying he was "confident Horizon will embrace this opportunity to partner with us," prompting nervous laughter among the crowd. This money would be transferred each year into a new state fund, administered by the Department of Health, to help improve healthcare. Horizon immediately outlined its opposition to the plan.

collected by :Lucy William

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