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In reply to the discussion: K&R if you intend to keep fighting for single payer regardless what the SCOTUS rules. [View all]HiPointDem
(20,729 posts)54. It's my impression that the insurance industry is highly concentrated, such that a relatively small
number of people control it and there's no real competition. That in combination with mandated purchase = no control on prices, sellers free to charge whatever the hell they like.
"A major cause of these burdensome premium hikes is the tremendous monopolies enjoyed by insurance companies across the country. Two large insurance companies cornered 98% of the market in Hawaii 2007. In California, the most competitive of the states surveyed, two insurance companies controlled 44% of the market. All across the United States, these insurers have no incentive to negotiate lower premiums because, like any monopoly, they know they are the only game in town."
http://www.cnbc.com/id/32918263
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K&R if you intend to keep fighting for single payer regardless what the SCOTUS rules. [View all]
libtodeath
Mar 2012
OP
Absolutely. The real focus here should be to do away with health insurance companies
loudsue
Mar 2012
#20
The immense wealth (= political clout) of the insurance industry is aligned against "real people."
TahitiNut
Mar 2012
#8
It's my impression that the insurance industry is highly concentrated, such that a relatively small
HiPointDem
Mar 2012
#54
And single-payer obviates need for mandate, and thus the legal concern at center of fray
ProgressiveATL
Mar 2012
#17
Yes,get it in forward thinking and progressive states to show the cost effectiveness!
libtodeath
Mar 2012
#24