The competition of health insurance is very competitive in many markets
A study of the American Medical Association based in Chicago stated on Tuesday that four of the five metropolitan areas in the United States does not have a competitive health insurance market. A report shows that the type of market dominance may harm consumers and providers of care as resulting from the implementation of market forces. The report also states that it has led the company to raise and maintain a premium price above the competitive level.
AMA says that the absence of health insurance competition resulted in a significant 83 percent of metropolitan markets can be studied by the group. This market has been considered highly concentrated. The group added that about half of the metropolitan market, at least one health insurance company has a market share of 50 percent or more commercial. In Chicago Naperville-Joliet, Blue Shield of Illinois and Blue Cross has held 63 percent of the health insurance market, the group said. Blue Cross account holds 55 percent across the country.
Blue Shield of Illinois and Blue Cross has said in a statement that we should support a competitive market for health insurance and recorded more than 92 percent of customers stayed with the insurance company year after year because its products, competitive pricing and network providers, among other factors. People are in the Medicare and Medicaid is exempt enrolled in public programs, but including those who pay for their own coverage.
