Horizon Blue Cross Blue Shield of New Jersey Delivers Testimony on Legislation That Would Make Major Changes to Company's Mission and Operations
Delivered June 26, 2017 before the Senate Budget and Appropriations Committee on Senate Bill 4:
“Horizon would be run as an arm of DOBI and the State of New Jersey”
For the last seven years, Horizon New Jersey Health (Horizon NJH) has saved New Jersey Medicaid an estimated $1.5 billion through our provider network and medical management practices while delivering better care. Horizon NJH spends less than any other carrier in New Jersey's Medicaid market on administrative costs and more on medical and other direct benefits while having the lowest net income per member per month.
Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) has been honored with a 2017 CSO50 Award from IDG's CSO (Chief Security Officer).
Horizon Blue Cross Blue Shield of New Jersey directors are YWCA Tribute to Women and Industry (TWIN) honorees
Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) announced today that two of its directors have been recognized as 2017 YWCA Tribute to Women and Industry (TWIN) honorees.
The Horizon Foundation for New Jersey initiative brings families and communities into conversation on how to tackle opioid addiction
Hundreds of local prevention and treatment organizations, as well as local and county law enforcement, government and medical community leaders, are coming together in a series of open forums to help prevent opioid abuse and to learn and share best practices for helping those addicted.
Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) announced today that it has once again been named one of DiversityInc Magazine’s Top Ten Regional Companies for Diversity, ranking # 4. This marks the seventh consecutive year that Horizon BCBSNJ has been ranked in the DiversityInc Top Ten List of Regional Companies.
Horizon Blue Cross Blue Shield of New Jersey “A” credit rating affirmed;Ratings agency warns of potential future downgrade from deteriorating reserves
Horizon Blue Cross Blue Shield of New Jersey (BCBSNJ) announced today that Standard & Poor's has affirmed the company's credit rating of “A” and its outlook as “stable.” At the same time, the ratings agency cautioned that the company's rating could be downgraded if capital reserves, which have fallen in recent years, dip below “capital adequacy” thresholds required for its strong rating.
It was a banner day for New Jersey's first health insurance company - and one of the nation's first health insurers - as Horizon BCBSNJ unfurled a commemorative banner at its Newark Headquarters today to celebrate its 85th anniversary. A milestone eight-and-a-half decades in the making, the company's employees and officers were joined by local, state and congressional leaders in paying tribute to the company's commitment to New Jersey and serving millions of Garden State residents over several generations.
Horizon’s 2017 Open Enrollment Results Demonstrate Increased Demand for High Quality, Affordable Policies
Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) today announced that an estimated 27,540 of their new enrollees in the individual market were previously uninsured. A total of 276,753 individuals chose a Horizon plan during the 2017 open enrollment period including 238,389 who selected an OMNIA plan. Ninety-four percent of OMNIA enrollees chose a Bronze (17%), Silver (46%), or Silver HSA (31%) plan. While rates increased by 33% on average in Pennsylvania and 16% in New York, premiums for OMNIA Bronze, Silver, and Silver HSA plans increased by just 6.2%, 5.4%, and 5.4% respectively.