Raiding Nonprofits for Their Reserves? A New Jersey Showdown

RUTH MCCAMBRIDGE | June 30, 2017

Raiding Nonprofits for Their Reserves? A New Jersey Showdown
In New Jersey, the low-approval-polling Chris Christie has decided his high noon showdown will be with nonprofit health insurer Horizon Blue Cross and Blue Shield. As a matter of fact,he’s threatening to hold the budget hostage if state legislators don’t pass a bill to allow the state to raid the insurer’s coffers for its excessive reserves. We first covered this story in April, but now it has become an ultimatum that threatens a government shutdown today. Excessive reserves at nonprofit health insurers are a longstanding irritant to consumer groups and to states, especially when rates go up and the organization’s overdeveloped liquidity is combined with high executive compensation.

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NONPROFIT MANAGEMENT

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Millennials are 25.9% of US population. Millennial donors are enrolled in a monthly giving program. Gave tribute gifts Donate to crowdfunding campaigns. Gave on GivingTuesday 2017. Gave on GivingTuesday 2017. Volunteer locally, 9% internationally attend fundraising events. Email prompted 31% of onli

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