09:44 AM

Horizon Blue Cross and Blue Shield of New Jersey Statement on Approval of Corporate Form Change Legislation

Newark, NJ – December 17, 2020 – Horizon BCBSNJ Executive Chairman Kevin Conlin and Horizon BCBSNJ President and CEO Gary St. Hilaire issued the following joint statement after passage of legislation to allow the company to seek a modernization of its corporate form:

“Today’s vote recognizes that health care, and the expectations and needs of health consumers, are rapidly changing. Over the past three years, countless hours of discussion, deliberation, and critical thinking by many legislators, administration officials and stakeholders helped guide and improve this legislation. As a result, it achieves its goal of preserving Horizon’s historic member-focused mission while giving the company the flexibility to adapt and innovate to enable care that is more connected, more convenient, and more affordable. We thank everyone- particularly Senate President Sweeney, Speaker Coughlin, and our primary sponsors Senators Nellie Pou and Paul Sarlo and Assemblymembers McKeon, Downey, Wimberly and Clifton - who supported giving our 3.6 million members a better Horizon and look forward to making that vision a reality.”