After conversion, will Horizon BCBSNJ with its market share give it monopoly-like power in New Jersey?
Corporate form does not affect the market share of a company. In a competitive market such as New Jersey, market share is determined by the health insurer providing the best products and services at the most affordable cost. Horizon BCBSNJ will continue to provide quality products and services at the best possible cost after conversion. Additionally, the health insurance market in New Jersey is heavily regulated. There is no risk of Horizon BCBSNJ becoming a monopoly given the fact that more than 50% of the market is insured by other, for-profit health insurers, including some of the biggest insurers in the nation such as Aetna, CIGNA, and United Healthcare.
