Navigation Links
NJHA: Public Deserves Full Disclosure of Horizon Conversion Plan
Date:9/11/2008

PRINCETON, N.J., Sept. 11 /PRNewswire-USNewswire/ -- The New Jersey Hospital Association today called for greater transparency of Horizon Blue Cross/Blue Shield's application to become a for-profit company.

"There is far too much at stake for the people of New Jersey to have this process proceed with key information shielded from the public," said NJHA President and CEO Betsy Ryan. "New Jersey residents are rightfully concerned about the high cost of health insurance and access to coverage. They deserve a full and open airing of this important issue."

NJHA's appeal comes after its request for more information, made under the state's Open Public Records Act, was denied Monday by the state Attorney General's office. The state's release of additional information yesterday shed little light on critical business analyses, financial projections and other information that would help determine whether the conversion plan truly is in the public interest. These critical documents - and much more - were made publicly available in other states where conversions were proposed, including Maryland, Washington and Kansas. Much of the information released yesterday by the Department of Banking and Insurance has been available on the Horizon Web site.

Horizon is the state's largest insurer, covering 46 percent of New Jersey's insured residents - including the State of New Jersey's workforce. If the state approves its request to switch from a nonprofit to for-profit company, the state stands to benefit from the interest dollars generated by $1 billion or more in public assets that would be placed in a public trust. Annual interest from those dollars could be used to fund state programs, presumably for healthcare.

However, said Ryan, such a conversion plan also holds tremendous implications for the public. Horizon is New Jersey's insurer of last resort and covers a great deal of New Jersey's Medicaid beneficiaries. Key questions demand answers, she said, including whether premiums would increase to satisfy the expectations of share holders, whether the new for-profit company would still cover Medicaid patients and whether the quality of the coverage would suffer under a for-profit company.

Specifically, NJHA sought from the state any additional information, data, reports, analyses and documents that the insurer has filed with the Department of Banking and Insurance and Attorney General's office to justify its conversion request. On Monday, the Attorney General denied the request, saying the documents sought are not considered public records.

"Is a for-profit Horizon good for New Jersey? No one knows at this point," said Ryan. "But the public certainly should have the right to review all the key information and feel confident that its interests are being protected. So far, that's not happening."

"We urge Horizon's executives and state leaders charged with reviewing the application to let the sun shine on this process and allow the public full access to the information that may decide the future of their health insurance coverage."


'/>"/>
SOURCE New Jersey Hospital Association
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. NJHA: State Report Provides Thorough Examination of Hospital Fiscal Woes
2. NJHA: State Faces Access-to-Care Crisis
3. NJHA: No Hospital Safe from States $143 Million Cut
4. Mailman School of Public Health study examines link between racial discrimination and substance use
5. New Poll Shows Public Distrusts Flawed Healthcare Approach Favored by Governor and Speaker in AB 8
6. Physician Skin Care Specialist Says Proposed New Rules for Sunscreen Products Will Better Protect the Public
7. Open access to health research publications
8. MultiVu Video Feed: PUBLIC HEALTH EXPERTS CONVENE TO DISCUSS THE TREATMENT AND PREVENTION OF RABIES
9. PA Secretary of Public Welfare Responds to Warren State Hospital Closure Rumors
10. Weiner Public News First Media Team at National Press Club 5K
11. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... "FCPX editors can now reveal their media with ... X," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Color ... users can now reveal the media of their split screens with growing colorful ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... patient payment industry today announced its strategic partnership with Connance, a healthcare ... , The two companies’ proven, proprietary technology combine to provide health systems, ...
(Date:6/27/2016)... Park, KS (PRWEB) , ... June 27, 2016 , ... ... in retailers of Eyeglasses . , Millions of individuals in the United States ... eyeglasses have become a way to both correct vision and make a fashion statement. ...
(Date:6/26/2016)... Battle Creek, Michigan (PRWEB) , ... June 26, 2016 , ... ... abuse, joined as sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table ... held in honor of the city’s history as home to some of the world’s ...
(Date:6/26/2016)... ... ... PawPaws brand pet supplements owned by Whole Health Supply is ... of felines. The formula is all-natural and is made from Chinese herbs that have ... Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia Root Extract ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 ... appointment of Dr. Edward Futcher to ... Director, effective June 23, 2016.Dr. Futcher was also ... and Governance Committees.  As a non-executive member of ... expertise and strategic counsel to VolitionRx in connection ...
(Date:6/23/2016)... June 23, 2016 Research and ... Excipients Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), ... Topical, Coating, Parenteral) - Global Forecast to 2021" ... The global pharmaceutical excipients market is projected ... CAGR of 6.1% in the forecast period 2016 to ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... 52" report to their offering. ... creates a favourable commercial environment for MedImmune to enter. The ... that will serve to drive considerable growth for effective anti-influenza ... to cap sales considerably, but development is still in its ...
Breaking Medicine Technology: