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" new report today that shows extreme health insurance industry consolidation has resulted in a market failure where a small number of large companies use their concentrated power to control premium levels, benefit packages, and provider payments in the markets they dominate. As a result, health insurance premiums have skyrocketed, going up more than 87% - on average - over the past six years."
Private Insurance Mergers Lead to Near-Monopolies Across the Country
Seeded on Tue Jun 30, 2009 5:42 PM EDT
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“There is nothing more unfair than the way the current monopolistic private health insurance market controls both cost and coverage. The Antitrust Division of the Department of Justice should take a long, hard look at the way this industry operates. It needs rules. It needs regulation. And most importantly, it needs real competition from a public health insurance option.”
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#1 - Tue Jun 30, 2009 5:44 PM EDTIn other words, most states already have single payer. It's just that their single payer is an insurance company who adds obscene profits to the cost of health care.
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#2 - Wed Jul 1, 2009 2:46 AM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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