Georgia Insurance

With all Blue Cross plans across the country, financial difficulties, Blue Cross Blue Shield of New Jersey is struggling to assess the financial health, until the 1980’s, if changes in the state system of the body paying for the health sector, coupled with an explosion in expensive medical technology, has threatened to bankrupt the insurer.

New Jersey Blue Cross officials said they focus on new strategies. They said they are designing programmes to control their insurance to hospitals offer the best prices and the best care, and she said, she is also forcing the campaign, commercial insurance companies to sign help insurance costs of the poorest of health.

The non-profit organization, which until 1980 was a reduction of 30 per cent of hospitals because of its quasi-public role as the insurer of last resort, have lost most of its competitive advantage during the last ten years and was accused by defenders of public health, attempted to Waive its commitment to ensure that all young people.

The financial problems plaguing New Jersey Blue Cross May as an example of the difficulties encountered by other plans. The Senate of the Permanent Subcommittee on Investigations, chaired by Senator Sam Nunn, a Georgia Democrat, facing the financial strength of the nation’s 73 Blue Cross. Mr. Nunn estimated that 20 percent of insurance companies have financial problems.

A private company, that the prices of insurers, Martin Weiss Research, “said Senator Nunn’s Commission, New Jersey Blue Cross is one of four major programs across the country with serious financial problems and called” probably the lowest High health insurance in this country. “Finding $ 70 million surplus

Fred Hillman, spokesman for Blue Cross, said he made a comeback from a deficit of $ 278 million reported for 1988, and its $ 3 million surplus at the end of last year, it is on track to meet and exceed the $ 70 million surplus in the order by the legislature in 1996. “After the reorganization plan, we were still waiting for a deficit of $ 50 million in the last year a surplus,” he said.

Mr. Hillman said the white society was “clearly marked” in implementing the standards used in evaluating life insurance companies health insurance.

He said that ignorance of the public is largely contradictory pressure on the faces Blue Cross continue to require all insurance coverage while eliminating deficits and increasing cash reserves. The General Assembly, a legal mandate, red and the construction of $ 70 million from a surplus of 1996 requires Blue Cross to seek increases, the cost of measures beyond the reach of most people, says it.

“If the State Public Order access to insurance for all, to continue his charge of distributing health insurers profit,” said Hillman.

Dir Jim Florio true. Earlier this year, he said he would try to force the legislation, all companies write policies for all. Private insurers are now free to refuse someone, and many choose to ensure that candidates healthier. Accordingly, said Brenda Bacon, M. Florio chief of administration and planning, the pool of people insured by Blue Cross receives sicker and sicker. Top officials optimistic

For all the problems Blue Cross, John J. Petillo, the plan of the überschwänglichen president, described his future as a “fantastic”. Although the insurer has lost two million subscribers since mid-1980’s and its employees rose from 4200 to 3200, the group knows how much on health insurance or can offer a better service, “said M . Petillo.

He said that the company remains its role as insurer of last resort, but he said that in the interest of “social justice”, says he intends to launch a campaign to pressure on commercial insurers to cover high-risk subscribers.

He also said, companies would soon announce a plan to direct customers to nearly 50 of the 83 state hospitals acute you the best prices and hospital care. “It will not be exclusively on costs,” said Petillo. “When a hospital is a bit more expensive, but offers superior care, it is on the list. The program is designed to promote competition in hospitals for the business model of the company and keep the line at the expense of the procedure.