Navigation Links
Health Insurance Competition Vanishing: Study

Consolidation has not helped patients, says AMA president

THURSDAY, Feb. 25 (HealthDay News) -- Competition in the health insurance industry is vanishing, according to an American Medical Association report that looked at data from 43 states and 313 metropolitan markets.

In 24 of the states, the two largest insurers had a combined market share of 70 percent or more. Last year, 18 of 42 states had that type of market situation.

Among the other findings:

  • In 54 percent of metropolitan markets, at least one insurer had a market share of 50 percent or more -- up from 40 percent of metropolitan markets the year before.
  • In 92 percent of metropolitan markets, at least one insurer had a share of 30 percent or more -- up from 89 percent of metropolitan markets the year before.
  • Ninety-nine percent of metropolitan markets are highly concentrated, according to federal merger guidelines, compared with 94 percent the year before.

The report, Competition in Health Insurance: A Comprehensive Study of U.S. Markets, was released this week.

"The near total collapse of competitive and dynamic health insurance markets has not helped patients," AMA President Dr. J. James Rohack said in a new release. "As demonstrated by proposed rate hikes in California and other states, health insurers have not shown greater efficiency and lower health care costs. Instead, patient premiums, deductibles and co-payments have soared without an increase in benefits in these increasingly consolidated markets."

Rohack added that a lack of competition in the health insurance industry "is clearly not in the best economic interest of patients," and the AMA wants the U.S. Department of Justice and state agencies "to more aggressively enforce antitrust laws that prohibit harmful mergers."

The AMA also wants the Department of Justice to consider the following measures: a retrospective study of health insurance mergers; research to identify the causes and consequences of health insurance market power; and creation of a system for predicting the effects that health insurance company mergers will have on patients and health care providers.

More information

The U.S. Agency for Healthcare Research and Quality has more about health insurance.

-- Robert Preidt

SOURCE: American Medical Association, news release, Feb. 23, 2010

Copyright©2010 ScoutNews,LLC.
All rights reserved

Related medicine news :

1. As Health Reform Summit Looms, Battle Lines Are Drawn
2. Provides Record Number of Health Insurance Quotes in 2009
3. Gingrich Hosts The American Peoples Online Health Summit
4. Americas health care system in state of decline
5. New Business Horizons special issue on US health care
6. Actuaries Say Base Health Insurance Oversight on Actuarial Principles
7. Sisters of Charity Health System Welcomes Mark Wiedt to its Business Development Team
8. Pelosi on Repealing Antitrust Exemption: Health Insurance Companies Will Now Be Playing on the Peoples Field
9. Health care volunteers and disasters: First, be prepared
10. LodgeNet Healthcare Deploys Custom Education Solution for M. D. Anderson Cancer Center
11. NAE, IOM members to discuss engineering innovations in health care at Feb. 25 meeting
Post Your Comments:
(Date:6/24/2016)... , ... June 24, 2016 , ... Global law firm ... 2016 Legal Elite. The attorneys chosen by their peers for this recognition are considered ... Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal Elite ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San ... Society and the Road To Recovery® program to drive cancer patients to and from ... adults to ensure the highest quality of life and ongoing independence. Getting to ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their ... Award, an essay contest in which patients and their families pay tribute to a ... the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
(Date:6/24/2016)... York, NY (PRWEB) , ... June 24, 2016 ... ... publication Haute Living, is proud to recognize Dr. Barry M. Weintraub as a ... that “the most beautiful women in the world, and the most handsome men, ...
(Date:6/24/2016)... ... June 24, 2016 , ... Strategic Capital Partners, LLC ... by obtaining investment capital for emerging technology companies. SCP has delivered investment ... resulted in more than a million dollars of capital investment for five companies. ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
(Date:6/24/2016)... 24, 2016 According to a ... (Standard Pen Needles, Safety Pen Needles), Needle Length (4mm, ... Hormone), Mode of Purchase (Retail, Non-Retail) - Trends & ... studies the market for the forecast period of 2016 ... 2.81 Billion by 2021 from USD 1.65 Billion in ...
(Date:6/24/2016)... Tenn. , June 24, 2016  Arkis ... providing less invasive and more durable cerebrospinal fluid ... in funding.  The Series-A funding is led by ... Lighthouse Fund, and other private investors.  Arkis, new ... neurosurgical instrumentation and the market release of its ...
Breaking Medicine Technology: