Illinois: The Land of Less Competition for Health Insurers
When it comes to
competition in the commercial health insurance market, Illinois has earned the
dubious distinction of being one of ten states in the category of "least
competitive," according to a recently released study by the American
Medical Association (AMA).
High levels of health
insurance market concentration, largely due to consolidations such as mergers
and acquisitions, can lead to "monopoly power" in that geographic
area.
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