The level of competition in the U.S. commercial health insurance market has dwindled since 2010, when the Affordable Care Act (ACA) came to life.
Analysts at the GAO have published data supporting that conclusion in a new private health insurance market concentration study.
The analysts prepared the report because of an ACA provision that requires the GAO to brief Congress on health insurance market concentration every two years. ACA drafters hoped the new programs and subsidies created by the new law, such as the ACA public exchange program, and the Consumer Operated and Oriented Plan Program, would cut the cost of health coverage, and improve the quality, by increasing the level of competition.
- A copy of the GAO analysis of private health insurance market concentration is available here.
- An article about an American Medical Association analysis of competition in the commercial health insurance sector is available here.