Ritter Insurance Marketing, Craig Ritter

Posts Categorized: Highmark

PA Department of Insurance Warns Insurance Agents Not to Sell Highmark Community Blue Medicare Advantage HMO

Posted by & filed under Highmark.

I don’t think I’ve seen this one yet.  The state Department of Insurance put out a “Notice” this past Friday (see notice below), warning insurance agents that, “. . .producers offering this product [Highmark Community Blue Medicare Advantage HMO], which may be inconsistent with the Consent Decree, may run the risk of violating Pennsylvania’s Unfair…

Blue Cross of Northeastern PA to Merge into Highmark

Posted by & filed under Highmark.

Currently, there are 4 Blue Cross Blue Shield affiliates in Pennsylvania.  Assuming the closing of this recently announced merger, there will be 3.  Blue Cross of Northeastern PA (BCNEPA) has about 500,000 insurance subscribers and about $750 million in annual revenue.  Their stated surplus is $258 million at the end of 2012. As a part…

Highmark CEO Fired

Posted by & filed under Highmark.

This goes into the “stranger than fiction” file.  Highmark is one of the largest health insurers in Pennsylvania.  The CEO of Highmark was fired by the board in an emergency meeting when a police report was released which alleged that the CEO was arrested for trespassing onto the property of his mistress (and her husband)…

Highmark Agrees to Sell Medicare Claims Processing Business to a Unit of BCBS of Florida

Posted by & filed under Highmark, News, Pennsylvania.

Highmark is selling off their Medicare claims processing business in order to clear a regulatory path regarding their acquisition of West Penn Allegheny.  It appears that Highmark is more interested in vertical expansion within the health care space than growing horizontally with ancillary Medicare service businesses.  A Highmark EVP is quoted as saying that they…

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