Healthcare Finance News November 21, 2024
The share of commercial markets that are highly concentrated was 95% in both 2014 and 2023, not changing much in that span.
Dominant health insurers in most metropolitan areas across the U.S. have consolidated significant market share and driven away competition, leaving consumers in local markets with a decade of very limited options for medical coverage, according to a new market analysis from the American Medical Association.
The 2024 edition of Competition in Health Insurance: A Comprehensive Study of US Markets examined 382 metropolitan statistical areas (MSAs), the 50 states and Washington, D.C., and tabulated commercial and Medicare Advantage market shares for the two largest health insurance companies in each of those geographic markets.
It also analyzed state-and MSA-level...
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