Report: Blues merger would save money, but competition saves even more

Philadelphia Inquirer, September 12, 2008

Independence Blue Cross and Pittsburgh-based Highmark Inc. promise that a proposed merger would benefit the public by saving more than a billion dollars in six years. But if Highmark entered the Philadelphia market as a competitor to Independence Blue Cross, rather than a collaborator, insurance customers and healthcare providers would benefit even more, according to a consultant hired by the Pennsylvania Insurance Department.