Highmark's $1B Acquisition of West Penn Approved by PA

The deal by which the insurer Highmark will buy West Penn Alleghany Health System is described by Pennsylvania's insurance commissioner as the most complex and extensive in his agency's history. The new entity will be renamed Allegheny Health Network.

3 comments on "Highmark's $1B Acquisition of West Penn Approved by PA"
Jack Jessop-Ellia (5/6/2013 at 8:48 AM)

I'm glad to see the WPAHS continuing to move forward. I'm interested to know how this will affect former employees.
J. Blake (5/2/2013 at 4:17 PM)

I would have preferred to see some of the $1B being used to lower premiums for the subscribers who paid that $1B to Highmark for their coverage. We just got our renewal notice for our small group with a 59.37% increase for FY 2013-2014 in our high-deductible plan. Over the past five years, we have seen huge yearly increases in our premiums, while we have decreased our benefits and increased deductibles and copays.
Arun K. Potdar (4/30/2013 at 10:21 AM)

This article just gives the news about acquisition. What benefits if any, a physician, employer or the patient (consumer) to expect? There will be only two major options to choose (Highmark & UPMC) from and in this era of small or no government political mindset, what regulatory oversight teeth Insurance Commissioner is going to show? Field days are ahead for the Insurer to consolidate and do what you please after elimination of completions. It is a bad decision for the patients and doctors all around. Income reduction for service providers and poor service at higher cost for consumers in spite of ACA implementations will be the result of this as history has shown. Forgot Ma Bell days? Airline Consolidation has done no favors to passengers; high cost and no services worth paying for is the result. Highmark will have to do lot for PR in terms of explanation of what its benefits are going to show up in the market Place. I wonder what Ralf Nader has to say about this?


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