Horizon N.J.’s new insurance plan: What we know so far

By Susan K. Livio
TRENTON — Lawmakers Monday will demand executives from New Jersey’s largest health insurance company to explain how their dramatic venture to reduce premiums by 15 percent next year will affect the rest of healthcare insurance landscape in the state.
Horizon Blue Cross Blue Shield of New Jersey last month announced the OMNIA Alliance, a partnership with 22 hospitals which have agreed to accept smaller reimbursements but would be financially rewarded for quality and keeping people healthy. Another 14 hospitals Horizon designated as “tier one” facilities also agreed to accept lower reimbursement in exchange for higher patient volume.
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