Harvard Pilgrim, Tufts Not Going To Merge
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.