New Jersey's health care giants are teaming up to sell a Medicare Advantage plan for 2021 to seniors in eight counties in a new model that they say will lead to better health and lower costs.

Horizon Blue Cross Blue Shield of New Jersey and Hackensack Meridian Health said Monday they have formed a joint venture to operate Braven Health. And they are working with RWJBarnabas Health to join the venture, pending regulatory approval.

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