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Old 08-24-2009, 11:04 PM
 
Location: Tennessee/Michigan
28,219 posts, read 47,632,920 times
Reputation: 19724

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Little competition among private companies in many regions, studies show.

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.

Health care insurers often dominate market - Health care- msnbc.com
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Old 08-25-2009, 09:54 AM
 
12,439 posts, read 10,313,735 times
Reputation: 3137
Quote:
Originally Posted by John1960 View Post
Little competition among private companies in many regions, studies show.

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.

Health care insurers often dominate market - Health care- msnbc.com
This is absolutely true. In most businesses, if a business has a monopoly in an area, anti-trust regulation takes effect. For some reason, the Fed does not prosecute the health care insurance companies for anti-trust violations....hmmmmm.
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Old 08-25-2009, 10:07 AM
 
Location: Florida
19,827 posts, read 19,921,769 times
Reputation: 23239
Monopoly.....means ONE
Our whole area is restricted to ONE land based telephone company.I'll bet lots reading here are.
There is no other option. That is a monopoly.

If most people chose a specific plan over others, can it not mean it's the one offering the best deal?
Should a certain percentage be obligated to join a lesser/more expensive one just to keep more in the game?
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Old 08-25-2009, 11:39 AM
 
40,158 posts, read 24,376,127 times
Reputation: 12643
Quote:
Originally Posted by old_cold View Post
Monopoly.....means ONE
Our whole area is restricted to ONE land based telephone company.I'll bet lots reading here are.
There is no other option. That is a monopoly.

If most people chose a specific plan over others, can it not mean it's the one offering the best deal?
Should a certain percentage be obligated to join a lesser/more expensive one just to keep more in the game?
It's not about a certain percentage being obligated to join a lesser/more expensive health plan in order to keep more insurance vendors in the game. It's about a bigger insurer being able to offer better plans in order to drive competitors out of the field, and then pulling the rug out from under their customers when the customers have no more alternatives. It's about states regulating insurance carriers within their borders which stifles competition. You would think insurance companies would lobby against these regulations, and against the state-by-state patchwork of laws. But insurance companies don't lobby against the regulations, and do lobby against knocking down border restrictions. That would be a monopolistic strategy, don't you think?
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