Medical Economics November 20, 2024
Key Takeaways
- The AMA’s analysis highlights significant consolidation in U.S. health insurance markets, limiting consumer options and competition.
- 95% of commercial and 97% of Medicare Advantage markets are highly concentrated, with HHIs exceeding 1,800.
- Blue Cross Blue Shield and UnitedHealth Group dominate market shares, with UnitedHealth leading in both commercial and MA markets.
- The report calls for regulatory intervention to address anticompetitive behavior and enhance competition in health insurance markets.
A recent market analysis outlined the lack of adequate health insurer competition in many U.S. markets.
The American Medical Association (AMA) recently released the 23rd edition, and 2024 update, of their market analysis, “Competition in Health Insurance: A Comprehensive Study of U.S. Markets.” The analysis determined that dominant...