MONDAY, Oct. 23, 2017 (HealthDay News) — just one company dominates the health insurance market in many U.S. cities — in addition to that will dangerous trend is actually increasing, according to a brand-new American Medical Association (AMA) report.
Analyzing 2016 data, researchers found that will in 43 percent of 389 cities, just one health insurer had at least a 50 percent share of the market. that will compares with 40 percent of cities in 2014.
Moreover, 69 percent of health insurance markets in those 389 cities were “highly concentrated” in 2016, meaning there was a significant lack of competition.
Anthem commanded the market in 82 of the cities examined, followed by Health Care Service Corp. (42 cities) in addition to UnitedHealth Group (26 cities).
Highly concentrated health insurance markets lead to higher patient premiums, according to the AMA.
The report aims to draw the attention of policymakers in addition to regulators to specific markets where lack of competition may harm patients in addition to the doctors treating them.
“After years of largely unchallenged consolidation inside health insurance industry, a few recent attempts to consolidate have received closer scrutiny than inside past, including the proposed mergers of Anthem in addition to Cigna, as well as Aetna in addition to Humana,” said AMA President Dr. David Barbe.
“Previous versions of the AMA study played a key role in efforts to block the proposed mega-mergers by helping federal in addition to state antitrust regulators identify markets where those mergers might cause anti-competitive harm,” Barbe noted in an AMA news Discharge.
inside current report, the 10 states with the least competitive commercial health insurance markets are: Alabama, Delaware, Hawaii, South Carolina, Louisiana, Michigan, Kentucky, Vermont, Alaska in addition to Illinois.
In 27 states, the commercial health insurance market became more concentrated between 2014 in addition to 2016. The 10 states with the largest increases in market concentration during that will time were: Kentucky, Alaska, South Carolina, Mississippi, South Dakota, Oklahoma, Vermont, Arkansas, Nevada in addition to brand-new Mexico.
— Robert Preidt
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SOURCE: American Medical Association, news Discharge, Oct. 23, 2017
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