Has Horizon BCBSNJ previously filed an application to convert to a for-profit health insurer?
No. This is the first time Horizon BCBSNJ has filed an application under the state’s conversion law enacted in 2001. Horizon BCBSNJ has considered conversion previously, but has never filed an application of conversion with the State of New Jersey under the current law. In the mid-1990s, the company, then known as Blue Cross Blue Shield of New Jersey, attempted to become a mutual insurance company and merge with Anthem. This plan was abandoned in 1997 prior to the enactment of the conversion law.
Related Questions
- If Horizon BCBSNJ is currently financially strong and the largest health insurer in the state, why is conversion necessary?
- Who decides whether a non-profit health service corporation can convert to a for-profit health insurer?
- Has Horizon BCBSNJ previously filed an application to convert to a for-profit health insurer?
