Obamacare

How Does Health Insurance Concentration Affect Prices?

May 9, 2016
Courtesy of 401kcalculator.org

The Affordable Care Act marketplaces have led to new research. One study this month looked at the concentration of hospitals and insurance plans in New York and California.

The research on hospitals is pretty clear: fewer hospitals in a region means higher premiums.

But on a different metric, results varied state to state: the concentration of insurance plans available in a region didn’t have the same impact on insurance prices.

AP Photo/Jessica Hill

Connecticut Governor Dannel Malloy says the states that refuse to expand Medicaid under Obamacare could see hospitals close. Malloy spoke on Tuesday at a liberal think tank in Washington D.C. Twenty six states hadn't expanded Medicaid as of the end of March. 

Charles Lane

A group of small businesses on Long Island is urging lawmakers to change a state law that forbids trade associations from joining together to buy group health plans. Business owners complain they are paying about 30% more for health insurance than larger businesses.

Charles Lane

Two New York hospitals say they still have not yet reached deals with insurance companies participating the state's new health insurance exchange.  But one of them, Stony Brook University Hospital, says a deal is imminent.  Much of the struggle is over low reimbursement rates.

New York's Department of Health released data on enrollment in its health insurance exchange this week.  The data show 26% of young adults are enrolling in the exchange.  This number is just above what experts call the "death spiral."  

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