I was joined by Jersey's own successful publisher and two-time presidential candidate Steve Forbes on the show Wednesday.

Steve called to weigh in on what I've termed the governor's "Money Grab" into a private company. Specifically, his push to get $300 million from the company out of the reserves that they are required to hold by law.

Steve articulated perfectly why this was a bad deal for New Jersey and defended the 3.8 million people who are serviced by Horizon in the Garden State. Lost in the conversation, at least in the governor's talking points, is the fact that according to Forbes, family premiums would rise more than $1,000 a year if the governor was able to take the money.

On Wednesday afternoon, NJ 101.5 learned that the deal is essentially dead.

According to the Observer, House Speaker Vincent Prieto told reporters Tuesday that Christie's proposal will not get a committee hearing because there is “no appetite for it.” This means it cannot advance any further.

More from New Jersey 101.5: