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ASSEMBLY PANEL TO CONSIDER HEALTH INSURER CONVERSION BILL
By thester*** THURSDAY ADVISORY ***
ASSEMBLY PANEL TO CONSIDER HEALTH INSURER CONVERSION BILL
Bill Would Require More Public Hearings & Independent Analysis
(TRENTON) – The Assembly Financial Institutions and Insurance Committee will meet Thursday to consider legislation to require increased public participation and independent analysis when a health insurer seeks to convert to a for-profit company.
The legislation (A-3729) sponsored by Assemblywomen Valerie Vainieri Huttle, Connie Wagner and Joan Voss (all D-Bergen) and Nilsa Cruz-Perez (D-Camden) proposes more public hearings and an independent study examining the health impact of the proposed conversion.
The bill comes as the state’s largest insurer, Horizon Blue Cross Blue Shield of New Jersey, seeks to convert to a for-profit company.
“This bill simply ensures sufficient public participation and that every issue has been carefully reviewed before a decision is reached on a conversion application,” Vainieri Huttle said. “We need extra caution when moving forward on issues that could, among other things, increase premium costs and influence the health care of so many New Jerseyans.”
Thursday’s hearing is scheduled to begin at 10 a.m. in Committee Room 12, 4th Floor, State House Annex, West State Street, Trenton.
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