US Health Insurance Market Lacks Competition, AMA Says

Law360, New York (November 28, 2012, 4:46 PM EST) -- The American Medical Association said Wednesday that the U.S. health insurance market suffers from a widespread lack of competition that has resulted in higher premiums or reduced benefits.

In many parts of the country, markets for the three most popular types of insurance plans — point-of-service, health maintenance organizations and preferred provider organizations — are dominated by just one provider, according to a new AMA study that analyzed health insurance market conditions in 385 metropolitan areas across all 50 states and the District of Columbia....
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