MacArthur's Statement on Horizon BCBS Investment Due to Tax Reform
WASHINGTON, D.C. – Today, Horizon Blue Cross Blue Shield announced it is investing $275 million in 2018 into New Jersey because of the Tax Cuts and Jobs Act, which Congressman Tom MacArthur worked on extensively. This investment plan includes:
•$150 million back to policy holders in 2018.
•$125 million for healthcare initiatives starting in 2018, including mental health services, access to primary care physicians, and efforts to address addiction.
“In addition to middle class families and local businesses saving $9 billion next year, paychecks increasing, and bonuses for frontline employees, this announcement by Horizon Blue Cross Blue Shield is more good news for New Jersey families, thanks to tax reform,” said Congressman Tom MacArthur. “Horizon Blue Cross Blue Shield’s reinvestment will put money in the pockets of middle class families, help provide better care for New Jerseyans, and help grow our state’s economy. I worked extensively on this tax cut bill and this is another example of why the Tax Cuts and Jobs Act is good for families across our state.”
Additionally, Congressman MacArthur has called on New Jersey’s Board of Public Utilities to mandate utility companies pass on any savings from tax reform onto New Jersey consumers.