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Health insurers started changing markets

Those in Florida have a good chance of their health insurance coming from Blue Cross and Blue Shield of Florida, which controls 40 percent of the state’s market. And in Orlando, your health insurance likely comes from United Healthcare, which has 45 percent of the market.

That kind of market domination is widespread in the health-insurance business — and that’s bad for consumers, who may get stuck paying higher premiums because of the lack of competition, according to a new study released by the American Medical Association.

If you live in Alabama, chances are that you buy your health insurance from Blue Cross and Blue Shield of Alabama, which controls 93 percent of the health-insurance market in the state. If you live in Wichita, Kan., you probably buy health insurance from Preferred Health Systems, which has 81 percent of that city’s market.

This entry was posted on Tuesday, February 15th, 2011 at 6:51 am and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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