Free Horizon. Grab the cash. | Moran
The state’s largest health insurer, Horizon, is worth $7 billion, give or take.
And that money belongs to us, essentially. Because Horizon is a wholly different animal than the other insurers. It’s a non-profit, born in the Legislature during the Great Depression as the benevolent player, and nurtured with tax breaks that helped it grow into the behemoth it is today.
Now, Trenton is abuzz over a bill that would upend the way Horizon does business, a high-stake move that’s on the fast track for approval in the Legislature next week. The bill would allow Horizon to dip its toe more deeply into the for-profit world, while casting off ancient regulations that block innovation and put Horizon at a disadvantage against its for-profit competitors.