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Politics : View from the Center and Left
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From: ChinuSFO8/23/2009 12:56:21 AM
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All the more reason for a public option.
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Competition lacking among private health insurers
As debate rages over public health plan, private insurers seem to be quashing competition

By Ricardo Alonso-Zaldivar, Associated Press Writer
On Saturday August 22, 2009, 11:45 pm EDT

WASHINGTON (AP) -- 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.

....contd at finance.yahoo.com
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