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Independence Blue Cross and Highmark to merge

Managed Care Weekly Advisor, April 4, 2007

Independence Blue Cross of Philadelphia and Highmark, Inc. plan to combine the two organizations, which will generate more than $1 billion in economic benefits and provide more coverage for residents of Pennsylvania.

The mergers will allow the new company the resources to:

  • Save customers $300 million by holding the administrative fee to a flat rate for two years
  • Manage prescription drug costs to reduce customer expenditures by $280 million
  • Provide more coverage for uninsured individuals

Click here to read more about the merger.