Horizon Blue Cross and Blue Shield of New Jersey sued the state to prevent the imposition of a premium tax that the insurer alleges unfairly targets Horizon members. Horizon said it will pay a full premium tax, an increase in its annual tax burden of more than $31 million, under the tax signed into law this week as part of New Jersey's budget process. All other New Jersey insurers will continue to benefit from a rule that caps premium taxes at 12.5%, Horizon said. The complaint, filed in Superior Court in Newark, argues that the tax is discriminatory and unconstitutional. -- by Cinda Becker
Horizon sues N.J. over new premium tax
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.
Recommended for You