The market concentration for health insurance is so monopolized in some areas that insurance companies are willing to raise prices and lose customers in an effort to improve their bottom line, a leading insurance broker told Wall Street analysts on Wednesday. Full Story »
Posted by Dwight Rousu - via Arianna Huffington
Stein reports on the report. Unanswered questions abound. If the health insurance reform passes and coverage is mandated, does this mean consumers could not walk away? Is the proposed public option strong enough to counter the monopolistic predatory insurance companies?
I came away from this article thinking: 1. It makes a good case for having government provide a competitor to insurance companies, and 2. that employer groups of insurance purchasers are very close to giving up on health care reform (i.e. a victory for the repubs).
The market concentration for health insurance is so monopolized in some areas that insurance companies are willing to raise prices and lose customers in an effort to ... More »
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