Saturday, May 23, 2009

Healthcare Coalition Demands Investigation into Healthcare Monopoly

From the UFCW:

A report today released by Health Care for America Now reveals shocking levels of concentration in the private health insurance market in most states, spurring the grassroots health care coalition to issue a request to the Justice Department to conduct a comprehensive investigation into the state of the private health insurance market.

According to the report, more than 94 percent of all insurance markets in the United States are “highly concentrated,” a term defined by the U.S. Justice Department as a market in which one company holds more than a 42 percent share.

Where one or two companies dominate, competition suffers. And in this case, the American people suffer, too.

Read the whole story here...