Highmark Health is another new competitor for Independence Blue Cross, which has by far the largest share of the Obamacare market in Southeastern Pennsylvania.
Jefferson Health is expanding its reach into the insurance business by offering Obamacare health plans to residents of Philadelphia, Bucks and Montgomery Counties for the first time, according to information released Thursday by the Pennsylvania Insurance Department.
most profitable line of business, providing private plans to low-income people who qualify for the government-funded Medicaid program. A group of Philadelphia hospitals founded Health Partners in 1984 as part of an effort to manage the cost of caring for people who get their health coverage throughfor the half of the nonprofit insurer that it didn’t already own and rebranded the business Jefferson Health Plans.
Jefferson Health Plans provides insurance for 376,548 people, almost all of them under Medicaid, according to the latest data from the state and Jefferson. The company already competes with Independence in the Medicaid and Medicare markets. A second new competitor for Independence starting next year is Highmark, a large Blue Cross Blue Shield company based in Pittsburgh. In addition to entering the Obamacare market in Southeastern Pennsylvania, Highmark is also selling insurance plans to employers in the region for the first time., with 159,425 Southeastern Pennsylvania residents enrolled this year, according to data from the Pennsylvania Insurance Department.
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