Navigation Links
Insurance Department Will Hold Public Hearings on Proposed Consolidation of Highmark, Independence Blue Cross
Date:12/21/2007

Hearings will ensure consumers' interests are considered, protected

HARRISBURG, Pa., Dec. 21 /PRNewswire-USNewswire/ -- To ensure the interests of consumers are protected, acting Insurance Commissioner Joel Ario today announced that the Insurance Department will hold public hearings during 2008 as part of its review of the proposed consolidation of Independence Blue Cross and Highmark Inc.

"Our highest priority is to see that consumers would be protected in any transaction of this type, so public input will be an integral part of the department's evaluation of the proposed consolidation," said Ario. "We will schedule public hearings across the state after we have gathered the necessary information and completed our initial analysis.

"With the full cooperation of Highmark and Independence Blue Cross, the public hearings could be held by early summer and a final decision could be rendered by the end of 2008."

If approved, the proposed consolidation would create one of the largest health insurers in the nation, with 2006 premiums in excess of $17.5 billion.

Ario noted that, to date, Highmark and Independence Blue Cross have answered 38 of the 71 questions the department sent to the companies in August.

"The department is analyzing information as it is received and intends to schedule public hearings after we have received and analyzed the companies' answers to all of our questions and conducted any necessary follow up, including an economic analysis of the Pennsylvania marketplace," he said.

The Insurance Department has engaged the services of The Blackstone Group to provide financial expertise in its review of the proposed consolidation of Independence Blue Cross and Highmark. In addition, the department has engaged the law firms of Wolf, Block, Schorr and Solis-Cohen and Hangley Aronchik Segal & Pudlin to provide legal expertise on the proposed transaction.

The Blackstone Group is a leadin
'/>"/>

SOURCE Pennsylvania Department of Insurance
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Patients with Medicaid and those lacking insurance have higher risk of advanced laryngeal cancer
2. Insurance Impacts Laryngeal Cancer Detection
3. Record Number of Americans Lack Health Insurance
4. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
5. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
6. HealthInsuranceFinders.com Launches Video Contest for Young Directors
7. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
8. International Gateway Insurance Brokers Partners With MEDILINQ
9. New AHIP Report Takes a Ten Year Look at the Unintended Consequences of State Efforts to Change the Insurance Market
10. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
11. Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2015)... May 24, 2015 For people who ... Chinese Enterokinase Industry, 2009-2019 Market Research Report would be ... an exhaustive study on the present market scenario of ... into the growing Chinese market of this industry. The ... overall status of the manufacturers in this industry. The ...
(Date:5/24/2015)... 2015 The federal court overseeing ... has scheduled its next monthly Case Management Conference ... According to court documents filed in the U.S. ... will be convened on June 2, 2015, at ... Liability Litigation - MDL No. 2545) , “Our ...
(Date:5/24/2015)... Lake Geneva, WI (PRWEB) May 24, ... Bea Mercy Health System CEO ... their principal and honored at the ... event held April 15 at Geneva ... include (by school): ,     -Badger High ...
(Date:5/23/2015)... 2015 Dr. David Benvenuti, an experienced plastic ... a new article to his website that takes ... Benvenuti explained in the fascinating blog, he has recently ... earlobes. , Known as “gauging,” the technique involves placing larger ... Benvenuti said will eventually stretch the holes out to incredible ...
(Date:5/23/2015)... Manufacturers are now required to produce water heaters with a ... the field agree that the regulation is aimed at manufacturers, ... what miles per gallon is to your car. The higher ... HSPF score has been raised to 8.2, technology has since ... 12. Indeed, the regulation was welcomed by environmentalist, and members ...
Breaking Medicine News(10 mins):Health News:Global and Chinese Enterokinase Industry 2009-2019 Market Research Report Now Available at RnRMarketResearch.com 2Health News:Global and Chinese Enterokinase Industry 2009-2019 Market Research Report Now Available at RnRMarketResearch.com 3Health News:Global and Chinese Enterokinase Industry 2009-2019 Market Research Report Now Available at RnRMarketResearch.com 4Health News:Testosterone Lawsuit Attorneys at Bernstein Liebhard LLP Look Ahead to June Conference in Federal Multidistrict Litigation 2Health News:Testosterone Lawsuit Attorneys at Bernstein Liebhard LLP Look Ahead to June Conference in Federal Multidistrict Litigation 3Health News:Mercy Foundation Honors 16 Students for Making a Difference - Mercy Health System Javon Bea 2Health News:Dr. Benvenuti, a Plastic Surgeon in Newport Beach, CA, Posts New Article about Repairing Ear Gauges 2Health News:Parker & Sons Welcomes the Department of Energy’s Water Heater Regulation 2
... There might be a reason for all that morning sickness ... that the would-be mother will not digest unhealthy foods//. , ... found to be associated with the vomiting in pregnancy, the ... previous studies in 21 countries to arrive at these conclusions. ...
... in the June issue of The American Journal of ... improve their cognitive function// and brain efficiency by making ... eating, physical fitness, and stress reduction into their daily ... diet and exercise can help people maintain their physical ...
... of salaries of doctors participating in the anti-quota stir was likely ... order to do so was issued on the direction of Director ... Gupta, who was asked to explain the reason behind the order ... ,Gupta was asked to relinquish charge as Registrar by the Director ...
... Ltd today said it has received tentative approval by ... 100mg, 150mg and 200mg strengths. // ,This ... in the world given by USFDA, Aurobindo Pharma informed ... now be available for purchase under the President's Emergency ...
... providing Illinois and Chicago with additional financial assistance to ... to combat influenza pandemic. Health officials have been perturbed ... which has also raised concerns of an impending worldwide ... Services Secretary Michael Leavitt said "The funds will build ...
... Mark B. Landon of Ohio State University College of Medicine ... not risky// to attempt vaginal delivery for a woman who ... were published in the journal Obstetrics and Gynecology. But previous ... have had several previous cesarean deliveries to opt for a ...
Cached Medicine News:Health News:Simple Lifestyle Changes May Improve Cognitive Function and Brain Efficiency 2
(Date:5/22/2015)... May 22, 2015  Effective staffing of key ... recognition and success. Research and ... to provide pharmaceutical and biotech marketing managers with ... budget) that are being channeled into marketing operations ... managers can utilize this report to benchmark their ...
(Date:5/22/2015)... 2015 The leading companies in the ... cardiac rhythm management device market dominate their competition, ... St. Jude Medical, Boston Scientific and Asahi Kasei ... segment. The healthcare market research publisher,s report, ... as a base year, providing forecasts for each ...
(Date:5/22/2015)... and KING OF PRUSSIA, Pa. , May ... has awarded CSL Behring its 2015 Corporate Leadership ... to advancing science and improving the care of the bleeding ... , CEO and Managing Director, CSL Limited, during the NHF ... on May 21. "The National Hemophilia Foundation ...
Breaking Medicine Technology:Effective Marketing Services Group Critical for Pharmaceutical Brand Recognition 2Kalorama: Top Companies Dominate Cardiac Defibrillator Market 2Kalorama: Top Companies Dominate Cardiac Defibrillator Market 3Kalorama: Top Companies Dominate Cardiac Defibrillator Market 4National Hemophilia Foundation Honors CSL Behring with Corporate Leadership Award 2National Hemophilia Foundation Honors CSL Behring with Corporate Leadership Award 3National Hemophilia Foundation Honors CSL Behring with Corporate Leadership Award 4
... 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 ...
... 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 ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... 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: