Who decides whether a non-profit health service corporation can convert to a for-profit health insurer?
The New Jersey conversion law (N.J.S.A. 17:48E-49 et. seq.) sets forth a rigorous public process to evaluate a health service corporation’s proposed conversion to a for-profit health insurer. The Commissioner of DOBI receives the application of conversion and is required to hold a public hearing on the plan. Likewise, the New Jersey Attorney General receives a foundation plan and is required to hold a public hearing on the plan. The Commissioner and the Attorney General can hold the hearings jointly. After the required public hearing, the Commissioner of DOBI is empowered to approve or disapprove the health service corporation’s plan of conversion. The conversion law also provides that upon the Attorney General’s completion of its review of the foundation petition, the health service corporation shall apply to the Superior Court for approval of the establishment of the foundation. As part of the approval process, the superior court must conclude that the foundation plan is in the publi
Related Questions
- Do the people of the State of New Jersey benefit from conversion of a non-profit health service corporation to a for-profit health insurer?
- Who decides whether a non-profit health service corporation can convert to a for-profit health insurer?
- Has Horizon BCBSNJ previously filed an application to convert to a for-profit health insurer?
