Health care insurers often dominate market | Arthritis Information
Little competition among private companies in many regions, studies show...
WASHINGTON - One of the most widely accepted arguments against a government medical plan for the middle class is that it would quash competition — just what private insurers seem to be doing themselves in many parts of the U.S.
Several studies show that in lots of places, one or two companies dominate the market. Critics say monopolistic conditions drive up premiums paid by employers and individuals.
This is the absolute truth in my area. There are only two insurers available. The small employer has no chance at all in getting decent rates for their employees and those not in a group plan are just thrown under the bus as far as premiums, coverage, and being dropped for no reason other than they are costing the insurer money.
The only people who are happy are government workers and those employed by big corporations who have leverage.
Ann
That is exactly a huge part of the problem. There is no reason to reduce rates, there is no competition with regard to rates. Insurance companies have developed a take-it or leave-it mentality, and they can get it, because people do not have any other options.
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