Biggest NJ Insurer to Pay $100 Million in Whistleblower Suit (2)

Horizon Blue Cross Blue Shield of New Jersey agreed to pay $100 million to resolve allegations that the health-insurance company had ripped off taxpayers by overpaying for care, in a pact made public on Friday.

The settlement with New Jersey Attorney General Matthew Platkin brings to an end a lawsuit against Horizon initiated by several whistleblowers. Rising expenses in the state employee health plan had been pushing up costs for taxpayers for years.

The state entrusted Horizon to provide benefits for hundreds of thousands of workers. But a yearslong investigation “revealed that Horizon betrayed that trust and took advantage of ...