Report finds increasing concentration in commercial health, MA insurance markets
The American Medical Association Dec. 16 released its latest annual report on health insurance competition, finding that 97% of commercial markets were highly concentrated in 2024. In 91% of metropolitan statistical area markets, at least one insurer had a commercial market share of 30% or greater, while in 47% of MSAs, one health insurer held a market share of at least 50%. The report also found that 97% of Medicare Advantage markets were highly concentrated last year. In 90% of MSAs, at least one insurer held an MA market share of 30% or greater, while in 24% of MSAs, one insurer’s MA market share was at least 50%.
Blue Cross Blue Shield plans held the largest market commercial shares in metro areas, with Elevance having the single largest insurer share at 21%. Among MA plans, UnitedHealth Group was the largest insurer by market share in 44% of MSAs.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
