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:7/12/2014)... Burn injuries increase in the summer as people gather around ... those most vulnerable to these seasonal fire hazards: children. ... burned by putting their hands on the side of cooking ... at Loyola University Medical Center in Maywood, Ill., said in ... you play with fire, you get burned, is true -- ...
(Date:7/12/2014)... (PRWEB) July 12, 2014 As DePuy ... forward in U.S. courts, Bernstein Liebhard LLP notes the ... ion levels to the failure of metal-on-metal hip replacements. ... of The Journal of Bone & Joint Surgery, looked ... Articular Surface Replacement prostheses at least twelve months earlier. ...
(Date:7/12/2014)... (PRWEB) July 12, 2014 Doylestown Hospital ... a variety of men’s health questions. Paddock tackles ... to men, why women live longer than men, and ... Men's Health Made Simple featured on Doylestown Hospital’s ... a hernia at any age. If you notice pain, ...
(Date:7/12/2014)... Praeclarus Press is excited to offer ... resource for women in need of lactation support. Statistics ... from their children. Today’s mothers receive very clear messages ... often feel unsupported when it comes to balancing working ... insights, and written by Nancy Mohrbacher, an international breastfeeding ...
(Date:7/12/2014)... The largest pure occupational medicine company ... announce that it will be opening its fifth Georgia ... join four Atlanta-based Nova Medical Centers’ locations. The ... Bridge Road, and will be open from 8:30 a.m. ... Nova’s treatment philosophy of rapid return-to-work and decreased treatment ...
Breaking Medicine News(10 mins):Health News:Burn Injuries More Common in Summer 2Health News:DePuy Pinnacle Hip Lawsuit News: Bernstein Liebhard LLP Notes Release of New Study Tying Elevated Metal Ions to Metal-on-Metal Hip Failure 2Health News:DePuy Pinnacle Hip Lawsuit News: Bernstein Liebhard LLP Notes Release of New Study Tying Elevated Metal Ions to Metal-on-Metal Hip Failure 3Health News:DePuy Pinnacle Hip Lawsuit News: Bernstein Liebhard LLP Notes Release of New Study Tying Elevated Metal Ions to Metal-on-Metal Hip Failure 4Health News:Ivyland Medical Center’s Dr. Brad Paddock Offers Tips for Men’s Health 2Health News:Praeclarus Press Announces the Release of Working and Breastfeeding Made Simple by Nancy Mohrbacher, A Much Needed Resource For Today's Working Mothers 2Health News:Nova Medical Centers To Open New Facility in Augusta, Georgia 2
... ethnic disparities remain a challenge for patients in the ... (ACP) said in an updated paper released today. ... an update to a policy paper that was originally ... the gap between racial and ethnic minority patients and ...
... bioGUNE and led by Dr. Aitor Hierro, have opened ... of neurodegenerative diseases such as Amyotrophic Lateral Sclerosis (ALS), ... of the National Academy of Sciences of the ... possibility of research in humans to detect this pathology ...
... July 26, 2010 The Marilyn B. Gula ... breast cancer with a $50,000 donation to the Phoenix-based ... over two years of $300,000. In addition, the ... to Ohio,s University Hospitals (UH) Ireland Cancer Center, bringing ...
... cardiopulmonary bypass (CPB) during surgery for less complicated ... any impairments in neurocognitive abilities, such as intelligence, ... from The Children,s Hospital of Philadelphia, in a ... , reported on neuropsychological effects after surgery for ...
... Researchers at the University of California, San Diego School ... molecule common to chimpanzees, gorillas and other mammals but ... in some people, likely worsening conditions in which chronic ... acid sugar is an ingredient in some biotechnology drugs, ...
... By Suzanne Robitaille HealthDay Reporter , FRIDAY, July ... the 20th anniversary of the Americans with Disabilities Act on ... made meaningful progress in improving the quality of life for ... exist between the 54 million Americans with disabilities and those ...
Cached Medicine News:Health News:Disparities remain a challenge in health care says American College of Physicians 2Health News:New approach which can help to predict neurodegenerative diseases 2Health News:New approach which can help to predict neurodegenerative diseases 3Health News:The Marilyn B. Gula Mountains of Hope Foundation donates additional research funds to TGen 2Health News:Heart bypass for uncomplicated heart surgery does not reduce neurocognitive function in children 2Health News:Non-human sugar in biotech drugs causes inflammation 2Health News:Non-human sugar in biotech drugs causes inflammation 3Health News:Americans With Disabilities Act Reaches 20th Anniversary 2Health News:Americans With Disabilities Act Reaches 20th Anniversary 3Health News:Americans With Disabilities Act Reaches 20th Anniversary 4
(Date:7/11/2014)... ST. LOUIS , July 11, 2014 ... medical device company, announced today the positive, ... of its innovative SPiNPerc™ procedure. The SPiNPerc ... use of a percutaneous approach to biopsy ... possible.  Hospitals, patients and physicians experience positive ...
(Date:7/10/2014)...  The U.S. Department of Health and Human Services ... (UH) Case Medical Center Seidman Cancer Center totaling $4.7 ... improving care for patients with complex cancer. ... a unique model developed at UH to enhance care ... or demonstrated need for high health care utilization.  ...
(Date:7/10/2014)... , July 10, 2014  BC Technical, the largest ... MiE America , Inc., a leading provider of Siemens ... a long-term agreement naming BC Technical as the authorized ... MiE and BC Technical announced today that ... establish BC Technical as the service and systems provider ...
Breaking Medicine Technology:Veran Medical Publishes Lung Cancer Patient Management Study 2University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services 2University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services 3University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services 4BC Technical Partners With MiE America To Be Authorized Provider Of Systems & Service 2
... Inc. (Nasdaq: SVNT ) today announced that its ... by the U.S. Food and Drug Administration (FDA), a strategic ... in a sale of the Company at this time. The ... to the Company to maximize value. The ...
... HATBORO, Pa., Oct. 25 InfoLogix, Inc. ... provider of enterprise mobility solutions for the healthcare and ... at the South Florida Healthcare Trade Faire and Regional ... October 28, 2010 at the Signature Grand Hotel in ...
Cached Medicine Technology:Savient Pharmaceuticals Provides Update on Strategic Alternatives Process 2Savient Pharmaceuticals Provides Update on Strategic Alternatives Process 3InfoLogix to Present at South Florida Healthcare Trade Faire & Regional Conference 2
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
Medicine Products: