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:11/28/2015)... Viejo, CA (PRWEB) , ... November 28, 2015 , ... ... new fully customizable media panels to choose from, the possibilities are endless. Users have ... and more. With the ProPanel: Pulse masking effects, users are sure to get heads ...
(Date:11/27/2015)... ... November 27, 2015 , ... According to an ... the University of Toronto and the University of British Columbia suggested that laws requiring ... injuries. The article explains that part of the reason for the controversial conclusion is ...
(Date:11/27/2015)... ... November 27, 2015 , ... A team of Swiss doctors has released ... Surviving Mesothelioma has just posted the findings on the website. Click here to ... cases of 136 mesothelioma patients who were treated with chemotherapy followed by EPP surgery. ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... Lizzie’s Lice ... The company is offering customers 10% off of their purchase of lice treatment product. ... at full price. According to a company spokesperson. “Finding lice is a sure way ...
(Date:11/27/2015)... ... ... the No.1 Herpes-only dating community in the world, revealed that over 50% of its members ... billion people under the age of 50 – or 67% of the population - are ... of HSV-1 infection . , "The data shocks us highly!" said Michelle Li, Co-Founder ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... ) ... "Global Brain Monitoring Devices Market 2015-2019" ... ) has announced the addition of ... 2015-2019" report to their offering. ... ) has announced the addition of the ...
(Date:11/25/2015)...  Linden Care, LLC, a retail specialty pharmacy focused ... suffering from chronic pain, said today that it is ... (TRO) enjoining Express Scripts from unilaterally terminating the Pharmacy ... --> --> The company said that ... --> --> In ...
(Date:11/25/2015)...  Henry Schein, Inc., the world,s largest provider of ... and animal health practitioners, will unveil at the Greater ... ConnectDental® Pavilion , which brings together for the first ... to help any practice or laboratory enter the digital ... schedule of experts appearing at the Pavilion. --> ...
Breaking Medicine Technology: