Today, Zane Benefits, the #1 Online Health Benefits Solution, published a new overview on the competitiveness of the ACA exchanges.
According to Zane Benefits’ website, the Kaiser Family Foundation (KFF) recently analyzed competition in the individual health insurance market. Historically, the individual health insurance market historically has been highly concentrated, with only modest competition in most states.
Zane Benefits’ website says that for example, when the Affordable Care Act (ACA) was signed into law in 2010, a single insurer had at least half of the individual market in 30 states and the District of Columbia. While a dominant insurer may be able to negotiate lower rates from hospitals and physicians, without significant competitors or regulatory oversight, there was no guarantee that those savings would be passed along to consumers.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.