JERSEY CITY, N.J. (AP) - New Jersey Gov. Chris Christie says he has submitted legislation requiring the state’s largest health insurer to use its surplus to expand coverage.
Christie said Thursday the measure would require Horizon Blue Cross Blue Shield to use its surplus to provide access to cancer patients, veterans and those with substance abuse disorders.
The proposal comes after Christie outlined an idea earlier this year to require that the insurers use its surplus to expand inpatient and outpatient drug treatment. It also requires the insurer to publish employee salary information online.
Horizon pushed back against the idea.
Horizon spokesman Kevin McArdle says the governor is attacking the company for protecting policyholders from what would amount to a $300 million tax hike.
Christie says Horizon has become a Medicaid profiteer, shortchanging the poor.
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