Health Insurance Competition Declines In Half Of U.S.

Half of all states had less competitive health insurance markets, and Arkansas experienced the seventh largest decline in competition levels in 2017 from the previous year, according to a new study from the American Medical Association (AMA).

“The AMA continues to urge that competition, not consolidation, is the right prescription for health insurance markets,” said AMA President Barbara McAneny. “The slide toward insurance monopolies has created a market imbalance that disadvantages patients and favors powerful health insurers. The prospect of future mergers involving health insurance companies should raise serious antitrust concerns. There is already too little competition among insurers, to the detriment of patients. Networks are already too narrow, and premiums are already too high.”   MORE

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