Independence Blue Cross and BCBS Michigan finalize arrangement to expand services to Medicaid beneficiaries nationally through AmeriHealth Mercy

IBC holds majority of the Medicaid company; BCBSM gains minority interestPHILADELPHIA, PA — December 1, 2011 — Two of the nation’s largest Blue health insurers, Independence Blue Cross  (IBC) and Blue Cross Blue Shield of Michigan  (BCBSM), announced today they have closed their transaction and finalized their arrangement to expand services to Medicaid beneficiaries nationally  through the AmeriHealth Mercy Family of Companies, a top-tier,