Navigation Links
Highmark and Independence Blue Cross CEOs Say Combination of Highmark and Independence Blue Cross will Provide $1 Billion in New Resources Over Six Years
Date:7/8/2008

Will Not Reduce Competition and Will Help to Lower Health Care Costs,

Increase Access and Strengthen the Pennsylvania Economy

PITTSBURGH, July 8 /PRNewswire/ -- The chief executives of Highmark and Independence Blue Cross (IBC) testified here today at the first Pennsylvania Insurance Department public hearing about the combination of the two companies, saying that it will be good for customers, health care providers, and the communities the two organizations serve -- and would not reduce competition.

Kenneth R. Melani, M.D., president and chief executive officer of Highmark, said, in part, "The proposed transaction will not reduce competition or choice in any market in Pennsylvania. Simply put, the two companies and their Pennsylvania insurance subsidiaries do not compete with each other."

"Highmark offers commercial health insurance products in western and central Pennsylvania and IBC serves the five southeastern Pennsylvania counties," Joseph A. Frick, IBC's president and chief executive officer said, in part. "However, in our separate markets, the two companies today compete against a wide range of other health insurers, but not against each other."

Dr. Melani said, "We believe this transaction will allow us to build on our history and lay a foundation for significant, tangible impact in the way health care is delivered and paid for in Pennsylvania."

"We believe this transaction offers a pathway to positive change in our health care system that Pennsylvanians are seeking and demanding," said Mr. Frick. "Like many other businesses, we face strong competition every day. We are trying to develop and grow our workforce. We are trying to meet the changing needs of our customers."

Prior to making their comments, both CEOs thanked the Pennsylvania Insurance Department for holding the hearings, and welcomed the opportunity to discuss the proposed combination in Pittsburgh and over the coming days in Harrisburg a
'/>"/>

SOURCE Independence Blue Cross
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Economist Finds Highmark/IBC Merger Would Result in 70 Percent Share in Pennsylvania, Far Higher Than Initial Reports
2. Highmark Caring Place to Honor Central Pennsylvania Volunteers Who Committed Over 5,000 Hours to Grieving Children
3. Highmark Blue Shield and the Blue Cross Blue Shield Association Name Area Hospitals as 2008 Blue Distinction Centers for Bariatric Care
4. Highmark Blue Cross Blue Shield and the Blue Cross Blue Shield Association Name Area Hospitals as 2008 Blue Distinction Centers for Bariatric Care
5. Insurance Department to Hold Statewide Meetings on Proposed Consolidation of Independence Blue Cross, Highmark
6. Highmark Caring Place Resources Help Children Deal With Death of Parent During Mothers Day and Fathers Day
7. Highmark Medicare Services Achieves Certification to COPC-2000(R) CSP Standard
8. Highmark Helps Those in Need During Cover the Uninsured Week
9. Highmark Inc. Named an Age-Friendly Employer by RetirementJobs.com
10. Highmark Blue Shield Announces Sustainable, Eco-Friendly and Green Strategy
11. Highmark Healthy High 5 School Challenge Program Awards $605,000 in Grants to 75 Pennsylvania Schools
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... January 23, 2015 AngelWeddingDress, the premier ... 2015 maternity wedding dresses. View website of ... looking for maternity wedding dresses online for a bridal ... with high quality for them. Its maternity wedding dresses ...
(Date:1/22/2015)... Autocarinsurancebest.com has released a new blog post explaining the ... . , Auto insurance quotes help many drivers find ... necessary to call an agent or visit an agency for ... single website: http://autocarinsurancebest.com/ . , Every business who relies ...
(Date:1/22/2015)... January 22, 2015 Yesterday, Senator ... (D-Concord) and Kristin Olsen (R-Modesto) were honored by ... in advancing biotechnology, biomedical science, medical device and ... each received the “2014 Life Sciences Champion” award ...
(Date:1/22/2015)... January 22, 2015 EBSCO Information Services ... are expanding their relationship in an effort to further promote ... world. While EBSCO has long made AMA journals available via ... agent for The JAMA Network. , Long known ...
(Date:1/22/2015)... Richmond, VA (PRWEB) January 22, 2015 ... the power at the Science Museum of Virginia. Wicked ... 24. , Wicked Plants unearths 75 poisonous, carnivorous and ... traverse through each room to uncover the biochemical, physical ...
Breaking Medicine News(10 mins):Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3Health News:EBSCO Expands Partnership with the American Medical Association 2Health News:EBSCO Expands Partnership with the American Medical Association 3Health News:EBSCO Expands Partnership with the American Medical Association 4Health News:Wicked Plants are taking over the Science Museum of Virginia 2
... Research Center Co. announced on Feb. 26 that the ... business cooperation agreement the same day to combine their ... China.SGS-CSTC, a unit of the SGS group, the world,s ... network of over 40 business offices and laboratories in ...
... Executive-level management from biopharma and device sponsors, CROs, consultants, and ... (DIA,s) Realizing Structural Change Management for Patient Recruitment Success Forum ... ... horsham, PA (Vocus) February 26, 2009 -- ...
... this years AmeriGlide Achiever Scholarship. This scholarship is available to full ... ... Raleigh, NC (PRWEB) February 26, 2009 -- AmeriGlide Stair Lifts ... Scholarship. The AmeriGlide Achiever Scholarship is available to full time college ...
... the retina that is responsible for maintaining the health of ... a living retina for the first time. , The ability ... the onset of many diseases of the eye long before ... of Investigative Ophthalmology and Visual Science ., "Our goal ...
... of Putting Money in the Hands of Beauty Corporations for ... or Counseling to Remain Youthful? Now one does not ... Before Published Secrets to Eternal Youth and Immortality, gives FREE ... that folks can attain and maintain the Age they Intend ...
... Goody who will be left behind without a motherHOLLYWOOD, ... "Chani" Christie who recently won the 2009 Martin Luther ... set to donate proceeds from her debut album "My ... Jade Goody. In addition, she also plans to fundraise ...
Cached Medicine News:Health News:QSAI & SGS-CSTC to Begin Joint Food Analysis Services in China 2Health News:DIA to host Patient Recruitment and Retention Forum April 20-21, 2009 2Health News:DIA to host Patient Recruitment and Retention Forum April 20-21, 2009 3Health News:AmeriGlide Announces Recipient of AmeriGlide Achiever Scholarship 2Health News:'Dark cells' of living retina imaged for the first time 2Health News:'Dark cells' of living retina imaged for the first time 3Health News:What the Billion Dollar Beauty Industry Does Not Want Leaked: That One Can Actually Reverse Aging for Free by Moving Only to the Right. We Smell a Nobel. 2Health News:Chantel 'Chani' Christie Will Donate Proceeds From Her Top-Selling Debut Album 'My Dream' to the Children of Terminally Ill TV Star Jade Goody 2
(Date:1/23/2015)... 2015  HyGreen, Inc., a leader in hand hygiene monitoring, ... Medical, a subsidiary of Ascendis Health Limited, in ... year, hundreds of millions of patients around the world ... transmitted from patient to patient via the unwashed hands ...
(Date:1/23/2015)... Cord Blood America, Inc. ( www.cordblood-america.com ) (OTC Bulletin Board: ... Preliminary Proxy Statement, Schedule 14A, with the U.S. Securities & ... for shareholders detailing why a "YES" vote to increase the ... As we reflect upon the 2014 fiscal year ...
(Date:1/23/2015)... , Jan. 23, 2015 Gem Pharmaceuticals announced ... have been enrolled into the Company,s Phase 2 clinical ... safety of Gem,s lead compound, GPX-150 (an investigational medication), ... or metastatic disease. Logo - http://photos.prnewswire.com/prnh/20150123/170966LOGO ...
Breaking Medicine Technology:HyGreen Partners with RCA Medical in Johannesburg, South Africa 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 3Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 4Gem Pharmaceuticals Announces Enrollment of Initial Patients in its Phase 2 Clinical Trial to Assess the Efficacy and Safety of GPX-150 in Sarcoma Patients 2
... AUSTIN, Texas, June 29, 2011 Ascension Orthopedics, Inc., the ... the PyroTITAN™ Humeral Resurfacing Implant in Geelong, Australia by Richard ... "The patient was a 57-year-old, active male with ... by a fall from a mountain bike and not improved ...
... 2011 Medicines can cure disease, relieve symptoms, and ... a lot of damage if taken incorrectly, when not ... http://photos.prnewswire.com/prnh/20090824/FDALOGO ) Studies estimate that up ... be prevented. Learn how FDA—through its Safe ...
Cached Medicine Technology:Ascension Orthopedics Implants PyroTITAN™ in Geelong, Australia 2
... the only four-color, automated benchtop flow cytometry ... cell sorting. Designed specifically to support a ... offers software instrument control, auto-sample loading, and ... productivity. FACSCalibur is fully modular so it ...
... mobile flow cytometer for any kind ... counting. The CyFlow SL analyzes forward ... with up to 3 fluorescence channels. ... is performed with a PC or ...
The Elecsys 2010 Rack System streamlines processes and allows for smooth implementation of laboratory automation....
... an automated, multiparametric immunoassay system. ... stores the calibration in the ... cost-per-patient result. Plus, with its ... of use and uni/bi-directional interface, ...
Medicine Products: