State’s top health insurers strengthen market share
In
Insurance Commissioner
The
"You see it as our ranking has deteriorated for the cost of health insurance for policyholders .... Twenty years ago, we were right at the national average for the health insurance cost for a family of four, as ranked by the
From 2013 to 2016, an employee's share of the annual average premium for family coverage grew from about 30 percent to 34 percent in
As the costs of medical services, treatments and drugs continue rising, premium prices must go up to cover those costs, he said. In 2016, 85 percent of the premium dollars
Donelon said the impact of market concentration shows up first in health care provider contracts. The larger the market share, the more concessions the insurer can extract from providers.
"I have tried to do what I can through the bully pulpit and lobbying efforts to address the growing dominance of our Blue, fine company that they are," Donelon said. "But those efforts have been frustrated."
Most recently,
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