It pays to have an insurance monopoly |
Also from Health Affairs: The level of competition among insurance companies has affected Affordable Care Act premiums more than any other factor.
By the numbers: Premiums are 50% higher this year in areas with just one insurer than in areas with two insurers.
How it works: Jessica Van Parys, the Hunter College economics professor who conducted the study, suggests that insurers underpriced their ACA offerings in the first few years to capture market share, then raised their prices over the years.
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