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

eve of their announced plan to combine -- and further that Highmark likely would compete with IBC, and thus enhance competition in Pennsylvania's health insurance marketplace, if the merger did not proceed.

"This proposed merger would mean a fundamental, long-term change in Pennsylvania's health care landscape, one that requires careful examination of its long-term impacts on consumers, providers and competition," said Anita M. Smith, president & CEO of Capital BlueCross. "That is why Capital BlueCross has commissioned CRA International to fully examine this important issue. As a noted economist who specializes in health care, Dr. Noether's findings will enhance this essential public dialogue and help public policymakers to determine appropriate conditions to assure a fair and level playing field in any post-merger environment."

A full copy of Dr. Noether's written testimony, along with all other publicly available documents from the consolidation proceedings, can be obtained from the Department's Web site at the following link -- http://www.ins.state.pa.us/ins/cwp/view.asp?a=1347&Q=547942&PM=1.

Capital BlueCross is an independent licensee of the Blue Cross and Blue Shield Association


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SOURCE Capital BlueCross
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