Links to reports and articles about the proposed merger of the health-care insurance companies:
Jan. 23, 2009: At public hearings in Philadelphia in July, Independence Blue Cross chief executive Joseph A. Frick and Highmark Inc. chief executive Kenneth Melani objected strongly to Insurance Department Commissioner Joel Ario's suggestion that they relinguish the use of one of their popular "Blue" trademarks to another insurance company so there would be more competition in the state. Here is the transcript of that exchange (.pdf).
Highmark's Web site about the merger is here.
Independence Blue Cross' Web site about the merger is here.
The Pa. Insurance Department's Web site on the merger is here.
Documents filed with the Pennsylvania Insurance Department show the expected pay packages for the top executives. For instance, Kenneth Melani, the chief executive of Highmark, who is expected to have the same job at the combined companies, would get a 31 percent raise, to $3.9 million from $2.97 million in total pay, according to the documents. Read the report.
Coverage from The Inquirer:
What can happen if Blues compete (June 9, 2008)
A look at the Lehigh Valley, where two "Blues" - Capital Blue Cross and Highmark Inc. - fight for market share. Read the article
Highmark CEO foresees merger benefits out of state (July 4, 2008)
Merger benefits go beyond the state of
Administrator warns about insurance merger (July 16, 2008)
If the merger occurs, will best practices be catching or will the worst be contagious? Read the article
What's at stake (July 13, 2008)
An intro to the hearings showed what was at stake for several different groups. Read the article
The man who will make the decision (July 21, 2008)
Q&A with Pennsylvania Insurance Commissioner Joel Ario. Read the article
Top salaries key to approval of Blues merger (Dec. 2, 2007)
The question from the
Senate panel: Set limits on merged Blues (Nov. 19, 2008)
If Pennsylvania’s insurance commissioner approves the proposed merger between Independence Blue Cross and Highmark Inc., he should impose a raft of conditions designed to limit their market power, says the Republican-led Senate Banking and Insurance Committee in draft resolutions scheduled for a vote Nov. 20. Read the article
Senate panel recommends against insurers' merger (Nov. 21, 2008)