Navigation Links
Insurance Department to Hold Statewide Meetings on Proposed Consolidation of Independence Blue Cross, Highmark
Date:5/12/2008

HARRISBURG, Pa., May 12 /PRNewswire-USNewswire/ -- Acting Insurance Commissioner Joel Ario today announced that the Insurance Department has scheduled a series of public informational hearings across the state to hear from consumers and other affected parties about how the proposed consolidation of Highmark Inc. and Independence Blue Cross, plus related changes, will impact the healthcare marketplace.

The hearings will be held July 8 in Pittsburgh, July 10 in Harrisburg, and July 15 in Philadelphia. Each informational hearing will begin at 9 a.m. and evening sessions, starting at 7 p.m., will also be held. Individuals who wish to offer comments at the hearings are encouraged to pre-register.

The consolidation proposal was submitted to the department in April 2007, at which time the documents were made publicly available and the department began accepting written comments.

The department has received more than 100 individual comments from a range of interested parties, including doctors, purchasers and other health insurers. In addition, the department asked more than 70 follow-up questions of the companies in August and then engaged a team of legal experts, economists and investment bankers to ensure full due diligence in the transaction's review.

Under state law, the department is charged with evaluating the proposed consolidation against a set of statutory standards, including whether the transaction will lessen competition, produce new efficiencies, or be hazardous or prejudicial to the insurance-buying public. Additional standards focus on the financial stability of the company; the competence, experience, and integrity of company management; the fairness and reasonableness of any changes in business operations; and compliance with all other Pennsylvania laws.

The applications and certain related materials are available for review on the department's Web site. Interested parties may view the applications and related materials by visiting http://www.insurance.state.pa.us and clicking on "Highmark/IBC Filing."

Written comments may be submitted to: Robert Brackbill, Chief, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120; by fax at (717) 787-8557; or via e-mail at rbrackbill@state.pa.us. An index of all public comments submitted is posted and periodically updated on the department's Web site.

EDITOR'S NOTE: The following is a list of dates and locations for the Highmark and Independence Blue Cross "Form A" filings informational hearings. Each day's hearing will begin at 9 a.m. The evening sessions will begin at 7 p.m.

Pre-registration should include the identity of the speaker, and the date and location of the hearing the speaker will be attending. Advanced copies of remarks are encouraged. The department anticipates a 10-minute time slot per individual but will consider other factors. Preference in scheduling will be given to individuals who submit written comments in advance of the hearings and prior to July 2.

If, due to a disability, attendees require the assistance of auxiliary aids or services, call the Director of the Bureau of Administration at (717) 787-4298. People who are hearing impaired should call the department's TTY/TDD telephone number (717) 783-3898.

Tuesday, July 8 - Westin Pittsburgh Convention Center, 1000 Penn Ave.

Thursday, July 10 - Harrisburg Hilton and Towers, One N. Second St.

Tuesday, July 15 - Sheraton Philadelphia City Center Hotel, 201 N. 17th St.

CONTACT: Rosanne Placey or Melissa Fox

717-787-3289


'/>"/>
SOURCE Pennsylvania Department of Insurance
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Insurance Department Fines Conseco Under Pennsylvania-Led, Multi-State Agreement
2. InsureMyTrip.Coms Travel Insurance Tips for Protecting Your Summer Vacation
3. John Hancock Launches New Fully Guaranteed Whole Life Insurance Product
4. U.S. Paralympian April Holmes Teams With LIFE Foundation to Encourage Americans to Assess Their Disability Insurance Needs This May
5. J.D. Power and Associates Reports: Satisfaction with Health Plans Varies Dramatically From Region To Region, Largely Due to Poor Communication From Insurance Providers
6. McCain Would Drive Up Health Care Costs for Families, While Benefiting Health Insurance Companies
7. Health Insurance Premiums Skyrocket
8. Kidney Care Community Applauds National Taxpayers Unions Endorsement of Medicare Reforms to Extend Patient Private Health Insurance Coverage; Calls Proposal Common Sense Coverage Reform
9. Allen Kukovich, Director, Governors Southwest PA Office, Joins Call for Quality Affordable Health Insurance
10. Health Insurance a Key Component in Financial Planning
11. Eastern Alliance Insurance Group and Eastern Life and Health Insurance Company Announce Affirmation of A- (Excellent) A.M. Best Ratings and a Positive Outlook for Eastern Alliance Insurance Group
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... ... ... If you are feeling that your clothes are a tad snug, the ... Center for Disease Control and Prevention (CDC), 34.9% of U.S. adult women are overweight. ... some of the leading causes of preventable death. February is heart health month ...
(Date:2/8/2016)... ... February 08, 2016 , ... Local ... the greater Venice, FL area, has initiated a fundraiser for a two year ... just four days after Christmas. To support this beautiful child who is facing ...
(Date:2/8/2016)... ... February 08, 2016 , ... Eating disorders and post-traumatic ... of women and men with eating disorders report a history of trauma, research ... development of an eating disorder. , At the 2016 iaedp Symposium, the ...
(Date:2/8/2016)... , ... February 08, 2016 , ... ... to share this important news! AHCC and the Home Health and Hospice ICD-10 ... CMS' designee for official ICD coding guidance and clarifications, to address concerns over ...
(Date:2/8/2016)... ... 08, 2016 , ... The schedule is now online for the ... Conference, which is being held May 25-29 at the Loews Chicago O’Hare Hotel, continues ... and causes of chronic illness in children. , Very recent articles have cited 1 ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... ORLANDO, Fla. , Feb. 8, 2016 ... and marketing high performance apparel for healthcare and other ... Bold Chief Executive Officer. He replaces Dale ... and remains Chairman. Mr. Bold is also joining Vestagen,s ... in a new class of active barrier technologies that ...
(Date:2/8/2016)... 2016  Dynatronics Corporation (NASDAQ: DYNT ), ... and rehabilitation equipment for the physical therapy, sports ... football team for winning the 2016 World Championship. ... and Chief Executive Officer.  "The Broncos have a ... to enhancing their athletic achievements with our products ...
(Date:2/8/2016)... 8, 2016 Palatin Technologies, Inc. (NYSE ... peptide therapeutics for the treatment of diseases with ... today that the United States Patent and Trademark ... for U.S. Patent Application Serial Number 14/313,258 (the ... of treating female sexual dysfunction using the formulation ...
Breaking Medicine Technology: