BigTitLvr
Well-Known Member
According to Health America Now- Insurance premiums rose 97% from 2000-2008, while health insurance 'monopolies' report their highest ever earnings. But payments from the insurance companies to providers increased by only 72% during the same period, and underlying medical inflation increase only 39%. Premiums also increased more then 3x over wages increases during the same time.
So where's money going? Here's the report:
http://healthcareforamericanow.org/site/content/new_report_private_insurers_consolidate_and_control_prices
http://healthcareforamericanow.org/site/content/new_report_private_insurers_consolidate_and_control_prices
Sen. Schumer and Health Care for America Now Warn of Private Insurers Monopolies; Former US Antitrust Official Calls for Investigation
New Report Shows Mergers Leading to Skyrocketing Premiums; Effective Reform Must Include Public Health Insurance Plan Option
***Read Report and Letter to DOJ ***
REPORT:
- Full National Report: Premiums Soaring in Consolidated Health Insurance Market:Lack of Competition Hurts Rural States, Small Businesses (PDF Updated July 15, 2009)
- State Reports
LETTER TO DEPARTMENT OF JUSTICE:
Washington, DC Senator Charles Schumer (D-NY) joined Health Care for America Now (HCAN) the nations largest health care campaign in releasing a new report today that shows extreme health insurance industry consolidation has resulted in a market failure where a small number of large companies use their concentrated power to control premium levels, benefit packages, and provider payments in the markets they dominate. As a result, health insurance premiums have skyrocketed, going up more than 87% - on average - over the past six years.