Um, no ctviggen. I'm afraid that's not what Horizons is seeing. The 44 khz/16-bit part concerns the sample rate of the file, the bit rate concerns the size of the file.
If you ripped the files off of a CD as WAV or AIFF files, they would always have a 1411 kbps bit rate. When you compress them, that bit rate drops but has no effect on the original sample rate.
It is possible to use sound editing software to reduce the sample rate, thus reducing file size. That's the way people used to shrink file sizes when the only way to share sound files online was in WAV format. Fortunately, that's in the past and now we much better options like MP3, AAC, Ogg, FLAC, Apple Lossless, etc.
Horizons, Apple Lossless uses a variable bit rate encoder to decrease file size. Dense, complex sounds result in less compression and higher bit rates. None of this results in actual data loss. The song remains the same as it is on the CD.