On Planet Money/This American Life, there was a segment about insurance costs and Prof. Uwe Reinhart pointed out that insurance companies which control a large part of the market have a better chance of negotiating lower prices with hospitals.
Sunday, October 18, 2009
COMPETITION ISN'T THE ANSWER
One argument for having a public insurance option is that it will increase the competition among insurers and a HCAN study found that in 34 states, two insurance companies have 60% or more of the market. Here's a table from the study (click for larger image).
On Planet Money/This American Life, there was a segment about insurance costs and Prof. Uwe Reinhart pointed out that insurance companies which control a large part of the market have a better chance of negotiating lower prices with hospitals.
On Planet Money/This American Life, there was a segment about insurance costs and Prof. Uwe Reinhart pointed out that insurance companies which control a large part of the market have a better chance of negotiating lower prices with hospitals.
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