Banks say the main reasons are customer-driven, but advocates for consumers say there are plenty of New Jersey residents, young and old, who are being wildly inconvenienced by the trend.
Horizon offers N.J. $1.25B in cash for fewer regulations and a tax cut. Two key state panels just voted yes.
Updated Dec 14, 2020;
Posted Dec 14, 2020
Images of the Horizon Blue Cross Blue Shield headquarters in Newark. (Matt Smith | For NJ Advance Media)NJ Advance Media
Facebook Share
Legislation allowing Horizon Blue Cross Blue Shield of New Jersey a not-for-profit that was once the state’s insurer of “last resort” to apply to state regulators for permission to function more like a for-profit company is moving fast. Introduced Dec. 10, the bill cleared the Assembly Insurance and Financial Institutions and the Senate Commerce Committee Monday, and will be back before the Senate Budget and Appropriations Committee Tuesday.