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Independence Blue Cross began in 1938 as the Associated Hospital Service of Philadelphia and offered the first prepaid hospitalization plan in the region. Philadelphia Mayor S. Davis Wilson enrolled as the first member, and Independence Hall became the first employer group to purchase coverage.
Keystone First was founded by the Sisters of Mercy in 1982 as the Mercy Health Plan. The company is a subsidiary of Independence Blue Cross.In 2015, Keystone First was rated among the "top Medicaid plans in Pennsylvania". [2]
In southeastern Pennsylvania, Independence Blue Cross in Philadelphia has a joint marketing agreement with Highmark Blue Shield in Pittsburgh for their separate hospital and medical plans. However, Independence Blue Cross, like most of its sister Blue Cross Blue Shield companies, cover most of their customers under managed care plans such as ...
In West Virginia, the company operates as Highmark Blue Cross Blue Shield West Virginia, and in Delaware, it operates as Highmark Blue Cross Blue Shield Delaware. The new company based its head offices in downtown Pittsburgh. On March 28, 2007, Highmark announced it intended to consolidate with Independence Blue Cross of Philadelphia. The ...
In January 2024, Cigna (the eighth-largest Medicare Advantage insurer) announced plans to get out of the business, agreeing to sell its Medicare Advantage plans to Health Care Service Corp., a ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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