Navigation Links
Economist Finds Highmark/IBC Merger Would Result in 70 Percent Share in Pennsylvania, Far Higher Than Initial Reports
Date:7/8/2008

HARRISBURG, Pa., July 8 /PRNewswire/ -- An economist examining the proposed merger of Highmark, Inc. and Independence Blue Cross testified today that the combined companies would have a market share far greater than has been represented so far. According to testimony presented to the Pennsylvania Insurance Department today in Pittsburgh by a prominent economist, Dr. Monica Noether of CRA International, the proposed merger would result in a combined entity with more than 70 percent of the statewide health insurance market, even more than the substantial 53 percent share frequently cited in press reports and elsewhere.

The 53 percent share figure incorrectly includes a variety of insurance products that consumers do not view as substitutes for commercial medical insurance, such as Vision, Medicare, and Dental, and fails to include Highmark and IBC's sizable self-insured health business, which consumers do regard as substitutes, according to Dr. Noether, whose study was commissioned by Capital BlueCross. Focusing on both fully-insured and self-insured commercial health business in Pennsylvania, the merger would result in a combined entity with more than 70 percent of the statewide market. In other words, seven out of every 10 commercially insured Pennsylvanians would be covered by the merged company.

"When competitive entry is difficult, as appears to be the case in Pennsylvania, a single company with more than 70 percent of the market is likely to have the ability to exert market power, which means they possess the ability to profitably raise price or reduce quality, innovation or choice in ways that can harm consumers," Dr. Noether testified.

Additionally, Dr. Noether disagreed with the assertion by Highmark and IBC that their merger would not impact competition because they do not compete today. She noted that Highmark and IBC do not compete because they have chosen not to do so through a 10-year non-compete agreement that expired on the
'/>"/>

SOURCE Capital BlueCross
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Former Senate Majority Leader, Princeton Economist Joust on Future of Health Care
2. Consumer Group Finds Use of Outdated Data and Other Major Flaws in Economists Defense of Mandatory Purchase of Private Health Insurance
3. Doctors, economist, write prescription for protecting people from themselves
4. Research!America Honors Univ. of Chicago Economists for Study Showing Economic Impact of HIV/AIDS Drug Development
5. Kaiser Permanente Study Finds Keeping a Food Diary Doubles Diet Weight Loss
6. Kaiser Permanente study finds keeping a food diary doubles diet weight loss
7. New study finds coronary arterial calcium scans help detect overall death risk in the elderly
8. American Lung Association Report Finds Lung Disease Death Rates Increasing While Cancer, Heart Disease and Stroke Death Rates Are Decreasing
9. Improving university recruitment process may increase female surgical faculty, study finds
10. Study finds Childrens Hospital patient safety program improves caregiver/family communications
11. AMA Finds High Fructose Syrup Unlikely to Be More Harmful to Health Than Other Caloric Sweeteners
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/13/2014)... The federal court overseeing thousands of ... against Johnson & Johnson’s Ethicon, Inc. is preparing to ... to get underway next month. According to an Amended ... Southern District of West Virginia on July 9, 2014, ... 2014 at 3:00 p.m. July selection is slated to ...
(Date:7/13/2014)... July 13, 2014 Recently, 2014QuinceaneraDresses.com, ... has unveiled its new range of gorgeous ... market, the demand for elegant Quinceanera outfits is ... beautiful items. All the company’s newly released dresses ... They are all elegant and vivid. , ...
(Date:7/13/2014)... Puerto Rico (PRWEB) July 13, 2014 ... Hall of Famer, Chris Mullin, will be the featured ... Saturday, July 26th in Puerto Rico. Attendees will ... Mullin will participate in two exhibition basketball games and ... the ultimate supplier of health- and energy-boosting supplements ...
(Date:7/13/2014)... July 13, 2014 Recently, MyDressCity.com, one ... women’s special occasion outfits, has released its new range ... the new products are available at discounted prices. Worldwide ... 2014. , In the company’s online shop, there ... of them are made with great materials. MyDressCity.com’s hot ...
(Date:7/13/2014)... 13, 2014 Fadhits.com is popular among ... dresses are extremely beautiful. Recently, the company has announced ... for 2014. What’s more, all these outfits are available ... , Additionally, the supplier is now offering similar ... Quinceanera dresses, it has many other designs for sale, ...
Breaking Medicine News(10 mins):Health News:Ethicon Vaginal Mesh Lawsuits Move Forward, As Federal Court Schedules Pretrial Conference for Second Bellwether Case, Bernstein Liebhard LLP Reports 2Health News:Ethicon Vaginal Mesh Lawsuits Move Forward, As Federal Court Schedules Pretrial Conference for Second Bellwether Case, Bernstein Liebhard LLP Reports 3Health News:Ethicon Vaginal Mesh Lawsuits Move Forward, As Federal Court Schedules Pretrial Conference for Second Bellwether Case, Bernstein Liebhard LLP Reports 4Health News:2014QuinceaneraDresses.com Releases Its New Quinceanera Dresses 2Health News:Max International Announces NBA Dream Team Member Chris Mullin as Featured Guest of Charity Event 2Health News:Max International Announces NBA Dream Team Member Chris Mullin as Featured Guest of Charity Event 3Health News:Max International Announces NBA Dream Team Member Chris Mullin as Featured Guest of Charity Event 4Health News:Cheap Elegant Quinceanera Dresses Unveiled by MyDressCity.com 2Health News:Fadhits.com Announces a Special Offer on Elegant Quinceanera Dresses 2
... working at the Swiss Institute for Experimental Cancer Research ... discovered that telomeres, the repeated DNA-protein complexes at the ... cell divides, also contain RNA. This discovery, published online ... understanding of how telomeres function, and may provide a ...
... Success of 2007 National IPF Awareness Week on ... Deadly Lung Disease, SAN JOSE, Calif., Oct. ... announced that the success of its fifth,annual National ... 60,members of Congress about the critical need to ...
... Oct. 4 The following statement was issued,today by ... and Janet,Jenner & Suggs, LLC: Out of public ... million,pound recall of potentially E. coli contaminated ground beef ... & SUGGS, LLC.,have established a registry for victims of ...
... Academy of General,Dentistry (AGD) was extremely disappointed by ... Health Insurance Program (SCHIP),reauthorization bill. The SCHIP bill ... included many important and beneficial dental,provisions intended to ... However, President Bush, who had threatened to veto ...
... provide tobacco cessation services for three more years, ... beBetter,Networks, Inc. (beBetter) has been awarded the West ... Health and Human Resources,for the Bureau for Public ... As the original vendor for the Quitline, beBetter ...
... canola,oil for common dietary fats in the U.S. ... and plant omega-3 fats,noted a modeling study published ... the American Dietetic Association (JADA). The study examined ... oils and canola oil-based,margarine for other margarines and ...
Cached Medicine News:Health News:New telomere discovery could help explain why cancer cells never stop dividing 2Health News:CPF Urges Congress to Increase Funding for IPF Research in 2009 Federal Budget 2Health News:CPF Urges Congress to Increase Funding for IPF Research in 2009 Federal Budget 3Health News:CPF Urges Congress to Increase Funding for IPF Research in 2009 Federal Budget 4Health News:Establishment of Topps Meat Recall Registry for Victims of E. Coli Poisoning 2Health News:Establishment of Topps Meat Recall Registry for Victims of E. Coli Poisoning 3Health News:AGD Concerned With Presidential Veto of SCHIP Reauthorization Bill 2Health News:AGD Concerned With Presidential Veto of SCHIP Reauthorization Bill 3Health News:beBetter Awarded WV Quitline Contract 2Health News:Canola Oil Can Help Americans Meet Dietary Fat Recommendations 2
(Date:7/11/2014)... 11, 2014 /PRNewswire-iReach/ -- VAPETEK™, Inc. has announced ... for use in portable vaporizers, which contains CBD, ... in cannabis, cannabidiol offers consumers a THC-free product ... other vaporizer technology. Photo - ... 483 different compounds which are currently known, two ...
(Date:7/11/2014)... N.C. , July 11, 2014 ... pharmaceutical marketing and, consequently, organizations are turning to ... patients. As part of this evolving ... important to educate, communicate and engage patients throughout ... awareness to patient empowerment. By mapping the patient ...
(Date:7/11/2014)... N.C. , July 11, 2014 ... approaches are evolving across industry sectors to better ... examining better ways to engage with and understand ... inform themselves and make critical purchasing decisions. ... firm, Best Practices, LLC, one area where organizations ...
Breaking Medicine Technology:VAPETEK Releases CBD-Infused eLiquid For The Consumer Market 2New Study Uses Six-Step Patient Journey as Framework for Consumer-Focused Marketing Opportunities 2New Technologies Transforming Consumer Marketing Research Playbook 2
... Diabetes Awareness Month and World Diabetes Day, BETHESDA, Md., Nov. 4 ... Diabetes Day (Nov. 14) present outstanding opportunities ... diabetes screening and promising research taking place at medical ... for this year,s World Diabetes Day--Diabetes in Children ...
... with OmniComm to gain more control over the management of their ... ... Nov. 4 OmniComm,Systems, Inc. (OTC Bulletin Board: OMCM.OB), a leader ... extensive,evaluation of the leading EDC vendors, the Sarah Cannon Research Institute,(SCRI), ...
Cached Medicine Technology:Opportunities to Highlight Type 1 Diabetes in November 2Sarah Cannon Research Institute Selects OmniComm Systems' Electronic Data Capture Solution, TrialMaster(TM), for Clinical Trials Management 2Sarah Cannon Research Institute Selects OmniComm Systems' Electronic Data Capture Solution, TrialMaster(TM), for Clinical Trials Management 3
Straight 22 mm serrated jaws. Ring handle with ratchet lock and dull finish. Overall length 4.9 inches...
Straight shafts with 13 mm crisscross serrated platform with polished finish. Wide serrated handle....
Straight shafts with 6.5 mm tying platform. Crisscross serrated 1mm tips. Scalloped handle with dull finish....
Straight shafts with 1 x 2 teeth. Flat handle with haoles and polished finish. Delicate teeth. Most popular size or model....
Medicine Products: