State decision on Blues’ merger will come in 2008
A decision on the proposed Independence Blue Cross and Highmark health insurance company mergers will be made in the summer or fall of 2008, at the earliest, acting Pennsylvania insurance commissioner Joel Ario told the state senate's banking and insurance committee during a hearing this morning.
A decision on the proposed Independence Blue Cross and Highmark health insurance company mergers will be made in the summer or fall of 2008, at the earliest, acting Pennsylvania insurance commissioner Joel Ario told the state senate's banking and insurance committee during a hearing this morning.
Whether the department can complete its review by then, Ario said, partly depends on how quickly the companies answer 71 extensive and detailed questions the department sent to the insurers on Aug. 7.
Yesterday, the department received responses to nine of the 71 questions - one of the nine responses was 2,800 pages, Ario reported.
