Study: Health insurance market becoming more concentrated

Seventy-three percent of US commercial health insurance markets are highly concentrated based on guidelines used by the Department of Justice and Federal Trade Commission to assess market competition, according to the latest annual report on health insurance competition by the American Medical Association. In 91% of the 384 metropolitan statistical areas studied, at least one insurer had a commercial market share of 30% or more, and in 46% of MSAs a single insurer’s share was at least 50%. Fifty-four percent of markets that were highly concentrated in 2014 became even more concentrated by 2020, the study found.

“These markets are

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Maternity Insurance: Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs

Couples in India are becoming increasingly wary of the rising cost of having a baby, which is leading to a surge in demand for health insurance plans offering maternity benefits, as per a report by PolicyBazaar.

These policies can be purchased up to nine months before childbirth. Currently, they are growing at 80 per cent on an annual basis, data shows.

Considerably enough, 78 per cent of policies with maternity benefits are purchased by men for their spouses, says PolicyBazaar.

While claims are highly likely with these policies due to planned pregnancies, insurers are seeing them as a means to

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A Windfall in Health Insurance Rebates? It’s Not as Crazy as It Sounds

“Americans will get $1.1 B in rebates from health insurance companies this year cuz of a provision I wrote in the ACA.”

Former Sen. Al Franken (D-Minn.), in a tweet on May 17, 2023

Former Democratic Sen. Al Franken tweeted recently that Americans will receive “$1.1 B in rebates from health insurance companies this year” because of a provision he wrote into the Affordable Care Act.

The tweets prompted many comments, including some people who said they had never seen such a check from their insurers. That got us wondering: Is Franken’s tweet correct

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Tata AIG introduces ‘Health Supercharge’ offering enhanced coverage for overall well-being; all you need to know

TATA AIG General Insurance Company introduced “Health Supercharge” with the aim of offering a fivefold enhancement in health insurance coverage, addressing the dynamic nature of health-related uncertainties. This new plan caters to the varied healthcare requirements of families living in Tier I to Tier IV locations.

Offering a comprehensive approach to ensuring a family’s well-being, TATA AIG Health Supercharge provides a sum insured ranging from 5 lakhs to 20 lakhs. Customers can select from two plan variants, namely the Value Plan and Geo Plan, based on their geographical location, along with additional optional benefits tailored to individual preferences.

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Health Coverage by Race and Ethnicity, 2010-2022

Summary

Health coverage plays a major role in enabling people to access health care and protecting families from high medical costs. There have been longstanding racial and ethnic disparities in health coverage that contribute to disparities in health. This brief examines trends in health coverage by race and ethnicity from 2010 through 2022 and discusses the implications for health disparities. All noted differences between groups and years described in the text are statistically significant at the p<0.05 level. It is based on KFF analysis of American Community Survey (ACS) data for the nonelderly population.

There were gains in coverage across

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Majority in US Still Say Gov’t Should Ensure Healthcare

Story Highlights

  • 57% say government should ensure health coverage for all in US
  • 53% favor health system based on private insurance; 43%, a government-run one
  • 72% of Democrats, 13% of Republicans support government-run system

WASHINGTON, DC — A 57% majority of US adults believe that the federal government should ensure all Americans have healthcare coverage. Yet nearly as many, 53%, prefer that the US healthcare system be based on private insurance rather than run by the government. These findings are in line with recent attitudes about the government’s involvement in the healthcare system, which have been

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HHS Releases Proposal to Expand Health Care for DACA Recipients

DACA recipients would have access to health care through the Affordable Care Act Marketplaces, Medicaid, and the Children’s Health Insurance Program

WASHINGTON, DC – The Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), today released a notice of proposed rulemaking (NPRM) that, if finalized, would expand access to health care by reducing barriers for Deferred Action for Childhood Arrivals (DACA) recipients. Earlier this month, HHS announced its intention to release this rule by the end of April, and today’s announcement marks the fulfillment of that promise. The proposed change applies to the

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Millions will lose health insurance starting Saturday. But they might not know it.

Millions of people will begin to lose their health insurance on Saturday, as five states begin the unwinding of a pandemic-era protection that kept people from being removed from the Medicaid rosters.

During the public health emergency, states were required to keep people on Medicaid without the often yearly reapplication process normally in place. But now that the public health emergency is winding down, so are the Medicaid rolls.

“We’re now in a position within just a few days where states can begin to disenroll people — to redo their rosters for Medicaid — and this continuous coverage requirement is

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