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Post by avordvet on Jun 29, 2017 4:35:43 GMT -5
NJ Gov. Christie Wants To Seize ‘Surplus’ Funds From Private, Non-Profit Health InsurerBy Gage Cohen, June 28, 2017 1:10 PM EDT (CNSNews.com) - New Jersey Governor Chris Christie, a Republican, has given his support to a bill that would allow the state government to take money from the reserve fund of Horizon Blue Cross Blue Shield, a private, not-for-profit health insurance provider that is the largest in the state. According to a report from NJ.com, the bill supported by Gov. Christie would permit New Jersey’s Department of Banking and Insurance to “examine the size of Horizon’s surplus” and take “any amount deemed excessive” from the company, depositing it into the state’s own health and wellness fund. The governor’s plan is to use the insurance company’s reserve funds to pay for the state’s drug treatment programs in his ongoing effort to deal with the state’s opioid crisis. www.cnsnews.com/news/article/gage-cohen/nj-gov-christie-wants-seize-surplus-funds-private-non-profit-health-insurer
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