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70 Percent of Commercial Insurance Markets Lack Competition

As health insurance companies scramble to complete mergers and prepare for the full implementation of the Affordable Care Act, a new article in Forbes reports on a study issued by the American Medical Association that states “70 percent of the commercial insurance markets are ‘highly concentrated,’ threatening consumer choice of doctors and contributing to higher health care costs.” The study found “nearly two in five metropolitan areas had one insurance company with a combined market share of 50 percent or more among health maintenance organization (HMO), point-of-service (POS) and preferred provider organization (PPO) plans.”

Read it in Forbes.