Pennsylvania Approves Highmark-West Penn Allegheny Health System Merger

Headquarters of the insurance company in Pitts...

Headquarters of the insurance company in Pittsburgh, , . Address 120 Fifth Ave., Downtown. (Photo credit: Wikipedia)

The Pennsylvania Insurance Department today gave conditional approval for insurer Highmark Inc. to affiliate with the financially ailing West Penn Allegheny Health System, laying the foundation for Highmark’s plans to establish an integrated health care delivery system to compete with UPMC.

Insurance commissioner Michael Consedine, in a release announcing the decision, said, “Our goal from the outset was to have a comprehensive, transparent review in order to make a fully informed and well-founded determination.  We have met that goal.”

In statement, Gov. Tom Corbett said “the goals for the commonwealth are to improve health care access, quality and affordability.  Today’s decision is an important step toward making these goals a reality in Western Pennsylvania.”

Read more: http://www.post-gazette.com/stories/business/news/state-approves-highmark-west-penn-allegheny-health-system-merger-685517/#ixzz2RreWfl90

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