11 May: Democratic Senators Want Horizon Investigated For Hoarding Its Surplus

TRENTON – Three Senate Democrats – Loretta Weinberg, Ellen Karcher and Barbara Buono – today unveiled plans to investigate whether Horizon Blue Cross Blue Shield is hoarding its $1.25 billion surplus to the detriment of the vulnerably uninsured, small businesses and New Jersey taxpayers.

“Our goal is to shut down any hoarding so Horizon can’t shirk its mandate to expand access to quality health care while keeping rates affordable,” said Senator Weinberg, D-Bergen. “I sense there’s up to $500 million available in Horizon’s vaults that could be freed up to help people get access to health care.”