Insurance Department to Close Public Comment Period on Highmark's Proposal to Acquire Blue Cross of Northeastern Pennsylvania
Expert Reports Now Available for Review
HARRISBURG, Pa., Jan. 5, 2015 /PRNewswire-USNewswire/ -- On Feb. 2, the Pennsylvania Insurance Department will conclude the public comment phase on the application of Highmark Inc. to acquire Blue Cross of Northeastern Pennsylvania (NEPA).
"At our public hearing in northeastern Pennsylvania this fall, we committed to making our consultants' reports available for review and comment," Insurance Commissioner Michael Consedine said. "Those reports have now been posted to our website and we invite the public to review and offer their comments within 30 days."
Under the proposal, Highmark would add an estimated 550,000 Blue Cross of NEPA members from across the Blue Cross plan's current 13-county service area. During the last ten months, the department and its team of experts have reviewed the filing based on specific legal standards that address licensure, solvency, business plans and management, as well as its impact on competition and consumers.
The proposal, the consultants' reports, related information and the taped hearing video are available at www.insurance.pa.gov by clicking on the "Blue Cross/Blue Shield Plans" icon.
Anyone wishing to comment on the filing should submit a written statement on or before Feb. 2, 2015. Commenters should include their name, address and telephone number on their statement and submit it to: Cressinda Bybee, senior insurance company licensing specialist, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120; via email at [email protected]; or via fax at 717-787-8557.
Media contacts: Rosanne Placey or Melissa Fox, 717-787-3289
SOURCE Pennsylvania Insurance Department
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