Wednesday, March 26, 2014

How is Obamacare Affecting Competition Among Health Insurers?

A snapshot of Obamacare enrollment in seven states suggests the law hasn’t significantly increased competition in health insurance markets, the Kaiser Family Foundation reported.
 
In California, for example, four big insurers have largely carved up the state’s market. The divide is more equitable than before the Patient Protection and Affordable Care Act as California’s insurance market is now “moderately concentrated” instead of “highly concentrated,” according to a measure of market share called the Herfindahl-Hirschman Index, said researchers at Kaiser, a Menlo Park, California-based nonprofit that focuses on health care.

Source: www.insurancejournal.com

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