According to a well placed source with knowledge of the pending purchase of the hospital, the question of whether Hold Co will carry an in-network insurance option for many residents who are enrolled in Horizon Blue Cross has been answered – and the answer is YES!

As promised, the HMHA has been working dilgiently to ensure that the sale of HUMC proceeds in a manner that benefits the City of Hoboken and all its residents and worked hard toward an in-network option for Horizon Blue Cross customers.

The Hoboken Municipal Hospital Authority previously demanded that the sale contract to the proposed buyer Hold Co include a provision that required the buyer to use every effort to enter into agreements to maintain managed health care contracts. Now that demand has been met.

Da Horsey has just learned that the proposed buyers, HoldCo of Bayonne have completed today an agreement to accept Horizon/Blue Cross Blue Shield managed care .  As a result, a pending sale of the hospital to Hold Co will mean  IN NETWORK service with this provider for all those in Hoboken and that insurance carrier will see the same level of quality service at the in-network price.

As a result, the City of Hoboken’s employees, employees of the Hoboken Housing Authority and Board of Education will continue to have their current insurance honored by HUMC as well as all of the other Hoboken residents who hold this managed health care provider.

Decision time.  In January when the HMHA announced the exclusive bidder Holdco had been selected, Councilman Mike Russo rose to object to the municipal authority’s right to sell the hospital and also objected to any change in his in network coverage.  Now that question has been answered by many hardworking people on the sale.  So what will Mike Russo do?  Work to lower taxpayers cost on related areas of the sale, such as on the midtown garage or with Beth Mason to destroy it and see the hospital close altogether?

Talking Ed Note:  This agreement was apparently signed behind closed doors.  Obviously it was done without the Beth Mason “standard of transparency.”  So it should be stopped.

Okay, stop laughing.  Now can we finish saving this hospital?  There’s a lot of people who have put their names and reputation on the line to help Hoboken. 

What say you Mr. Horizon insurance holder Michael Russo?

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