David
Joined: 12 Feb 2005
Posts: 14
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| Posted: Sat Nov 28, 2009 12:58 am Post subject: Concentrated Insurance Markets |
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Over the past decade through acquisitions and mergers, health insurance companies are now considered "concentrated" in 94% of markets according to the American Medical Association. At the same time, profits have soared, CEO salaries have soared, and rates for the insured have grown far faster than the GDP.
Now there is this resistance to the public option that would compete directly with health insurance companies. It is important to recognize there is a lot of money behind the opponents of a public option, and lots of misinformation, but what is most important to recognize is competition is needed, and the public option is the method most likely of making it through Congress. |
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