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Harvard Pilgrim, Tufts Not Going To Merge

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CBS Boston (con't)

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BOSTON (CBS) – The state’s second-and third-largest health insurers say they’re no longer talking about a merger.

Back in January, Harvard Pilgrim signed a memorandum of understanding to explore an alliance with Tufts Health Plan.

The deal would have created a more formidable rival to the state’s biggest insurer Blue Cross Blue Shield.

But in a joint statement issued Friday, the two companies said they will be better off remaining competitors.

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