Health Insurance Companies Lack Competition

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One of the most popular arguments against a government run health care plan is the lack of competition that would arise among health insurance providers, but according to the article “Competition Lacking Among Private Health Insurance Companies” by Ricardo Alonso-Zaldivar on the huffingtonpost.com, private insurance companies already lack sufficient competition.

Studies show that in a number of areas across the country one or two health insurance companies dominate the marketplace. When this happens prices can be driven up since those needing health insurance do not have many options. The Democrats believe that a public health insurance plan would fix this problem since it would directly compete with the private insurers. The Republicans are concerned over the government having that much power.

As Congress tries to figure out the best way to provide health care in this country, it’s important that consumers take matters into their own hands for now. If you are in the market for health insurance get numerous health insurance quotes to ensure you know what’s available out there.