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For Immediate Release Comment Period for "Blues" Subsidiaries Remains OpenSen. White urges submission of questions, concerns to Insurance DepartmentThe public comment period on the proposed merger of the for-profit subsidiaries of Highmark, Inc. and Independence Blue Cross (IBC) is still open and Senator Don White, Chairman of the Senate Banking and Insurance Committee, is strongly encouraging interested parties to submit their concerns to the state Department of Insurance. In addition, the Department will hold public informational meetings in Pittsburgh, Harrisburg and Philadelphia in July to collect testimony as well. "I am extremely pleased that the Insurance Department has already received more than 100 individual comments on this merger. This is a massive proposal which could affect millions of individuals and thousands of businesses in Pennsylvania," Senator White said. "It is essential that those people and companies review the filings submitted by Highmark and IBC regarding their for-profit subsidiaries and submit questions, comments and concerns to the Department of Insurance." The Insurance Department will hold the following hearings this month to gather testimony:
Each hearing will include a morning session, beginning at 9 a.m., and an evening session, starting at 7 p.m. The lengthy list of for-profit subsidiaries involved in the proposed merger include:
The applications and related materials filed by IBC and Highmark regarding those for-profit subsidiaries are available for review on the Department of Insurance web site. Go to www.insurance.state.pa.us and click on "Highmark/IBC Filing." Written statements are also being accepted by the Department. They must include the name, address and telephone number of the person making the statement; identification of the application to which the statement is addressed; and, a concise and detailed narrative specifically identifying the basis of the statement. Written statements should be sent to: Robert Brackbill They may also be sent via fax: (717) 787-8557 or via e-mail: rbrackbill@state.pa.us "It is essential that the appropriate oversight procedures take place," Senator White said. "All aspects of this mega-merger, involving so many for-profit subsidiary companies, must be transparent and fully subject to public review and scrutiny." Contact: Joe Pittman
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