Competition lacking among private health insurers

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Life_Long_Dem!, Aug 24, 2009.

  1. Life_Long_Dem!
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    Life_Long_Dem! Member

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    WASHINGTON — One of the most widely accepted arguments against a government medical plan for the middle class is that it would quash competition — just what private insurers seem to be doing themselves in many parts of the U.S.

    Several studies show that in lots of places, one or two companies dominate the market. Critics say monopolistic conditions drive up premiums paid by employers and individuals.

    For Democrats, the answer is a public plan that would compete with private insurers. Republicans see that as a government power grab. President Barack Obama looks to be trapped in the middle of an argument that could sink his effort to overhaul the health care system.

    Even lawmakers opposed to a government plan have problems with the growing clout of the big private companies.

    "There is a serious problem with the lack of competition among insurers," said Republican Sen. Olympia Snowe of Maine, one of the highest-cost states. "The impact on the consumer is significant."

    Wellpoint Inc. accounted for 71 percent of the Maine market, while runner-up Aetna had a 12 percent share, according to a 2008 report by the American Medical Association.

    Proponents of a government plan say it could restore a competitive balance and lead to lower costs. For one thing, it wouldn't have to turn a profit.

    A study by the Urban Institute public policy center estimated that a public plan could save taxpayers from $224 billion to $400 billion over 10 years by lowering the cost of proposed subsidies for the uninsured, while preserving private coverage for most people.

    The Associated Press: Competition lacking among private health insurers
     
  2. Bern80
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    Bern80 Gold Member

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    Here's a crazy idea. How about we make insurance companies actually compete. Cause they don't know now where the country is broken up into regions. I think you would see some of your desired cost reduction without are inept (or perosnal savior/babysitter as you see them) government getting too involved.
     
    Last edited: Aug 24, 2009
  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I think we should foster competition by getting the government to take over health care completely.





























    Wait, what?
     
  4. Maple
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    Maple Senior Member

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    competition for health care insurers, it's the government that has prevented this from happening, not the insurance carriers. We should be able to shop for medical insurance the same way we shop for auto insurance. There is no reason why this is not being done.
     
  5. Maple
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    Maple Senior Member

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    Mad scientist, that's exactly what Obama is attempting to do with the public option. He has always been and has stated in 2004 and 2007 that he wants a single payer system. It's on video, he is just trying to sneak it under the rug in that 1,000 page bill, because he thinks Americans are sheep and they will easily go to the slaughter house.
     
  6. KittenKoder
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    KittenKoder Senior Member

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    Well ... seems to make sense to the idiot at the top right now. But if you ever understand it, please explain it to me.
     

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