Commercial, individual markets growing increasingly concentrated: 7 numbers to know

Becker's Healthcare November 15, 2024
Rylee Wilson

Private health insurance markets grew more concentrated over the past decade, according to a report published by the Government Accountability Office Nov. 14.

The GAO defines markets as concentrated at the state level when the three largest insurers control more than 80% of the market.

Here are seven key numbers to know:

1. Concentration in the individual insurance market grew between 2011 to 2019. In 2011, 33 states had concentrated markets, which peaked at 47 states in 2019. The number of concentrated markets decreased to 35 in 2022.
2. In the individual market in 2022, one insurer controlled 80% of the market in seven states, down from 12 states in 2019.
3. The median number of insurers participating...

Today's Sponsors

Today's Sponsor