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Competition Remains Elusive in Private Insurance Market
Competition among US private insurance companies has generally declined since 2011 in large-group, small-group, and individual markets, a government report found. However, the trend has slowed or even reversed in some states over the past few years. Meanwhile, an American Medical Association (AMA) analysis warns that “the vast majority of health insurance markets remain stubbornly
The largest health insurance companies that control nearly 75% of the market, ranked
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Image: Stephen Maturen / Stringer (Getty Images) Over the past few years the health insurance industry has experienced a series of major mergers and acquisitions, further consolidating power into the hands of a few dominant companies — leaving Americans