Christie projects calm on budget despite impasse over tapping Blue Cross funds
JUNE 27, 2017
Gov. Christie on Tuesday suggested he was confident the state would pass a budget by its June 30 deadline, even as lawmakers squabble over a controversial proposal to tap reserve funds from the state’s largest health insurance company.
Horizon and its allies continued to attack the proposal Tuesday, saying it amounted to a state takeover of a private company. Horizon says that setting aside “excess” surplus for the general public would force premium hikes on its 3.8 million policyholders.
The conservative group Judicial Watch — which successfully sued the State Department for access to emails regarding the Clinton Foundation — joined the fray, calling Christie’s proposal extortion. The group said it had filed a public-records request in New Jersey seeking correspondence regarding Horizon among Christie; George E. Norcross III, chair of Cooper University Health Care’s board; and Cooper executive Kevin O’Dowd.