Navigation Links
Health Insurance Competition Vanishing: Study
Date:2/25/2010

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. HealthInsuranceSort.com 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:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... ... May 23, 2017 , ... Diagnotes, ... as a standard feature on its secure clinical communication platform. The platform allows ... video depending on the type and urgency of a situation. , “We ...
(Date:5/23/2017)... ... 23, 2017 , ... New patients with symptoms of gum disease ... laser gum disease treatments from the doctors at Art of Dentistry, without first receiving ... of the importance of receiving qualified treatment in order to avoid systemic health effects ...
(Date:5/23/2017)... Horeb, WI (PRWEB) , ... May 23, 2017 , ... ... invited to call Dr. Angela Cotey’s practice to schedule an appointment, with or without ... services, and frequently offers pulpotomy treatments to pediatric patients as a healthy alternative to ...
(Date:5/22/2017)... ... May 22, 2017 , ... Dr. Kiya Green, ... with periodontal plastic surgery treatments, including crown lengthening and gum reduction ... these esthetic and functional procedures to help patients improve their oral health, reduce ...
(Date:5/22/2017)... , ... May 22, 2017 , ... “Homeostasis: The Journey ... learning to live with Bipolar 1. Donald Rodriguez takes readers on a rollercoaster ride ... in the dead of winter and to a dark place where Donald considers suicide. ...
Breaking Medicine News(10 mins):
(Date:5/15/2017)... 15, 2017 Enterin Inc., a privately-held CNS pharmaceutical ... novel compounds to treat Parkinson,s disease (PD), has enrolled the ... Phase 1/2a randomized, controlled, multicenter study involving patients with PD ... 50 patients over a 9-to-12-month period. The first stage is ... with PD. Participating sites include Denver , ...
(Date:5/10/2017)... -- The Corporate Whistleblower Center says, "We are urging ... to call us anytime at 866-714-6466 if they possess ... a substantial scheme to overbill Medicare. We are ... of a medical equipment company if their employer ... practice groups with extra generous incentives to use, or ...
(Date:5/9/2017)... 2017  Oramed Pharmaceuticals Inc. (NASDAQ: ... company focused on the development of oral drug ... Property Office has granted Oramed a patent titled, ... The patent covers Oramed,s invention of an oral ... an incretin hormone that stimulates the secretion of ...
Breaking Medicine Technology: