Health care reform will kill competition in most states: BestHealthcareRates.com

Aug 31 2009

The following is an opinion editorial provided by BestHealthcareRates.com:

Management at BestHealthcareRates.com is astonished with the government’s claims that the health care reform that they are working hard to bring about will actually encourage competition. It is much more likely that it will kill competition in most states as the giant arrives in town and takes a portion of everybody’s business.

The government has outlined a list of reasons that different states need health care reform as they have proposed it. These reasons vary from statistics on the number of residents in the state without health insurance to the percentage of overweight children and adults living there, both being valid information for healthcare. It also cites the fact that certain states lack sufficient choice when it comes to the choosing a medical insurance provider and their reforms will fix that.

However, critics say a government run plan sets itself up to become the new monopoly in every state. Supposedly the plan is for the reforms to not damage the health insurance market, but to supplement it. Yet, if the requirements to use the government plan are open enough and the plan is comprehensive enough, many people would possibly leave their private health insurance behind for cheaper pastures elsewhere.

In the states where there truly is a monopoly in the healthcare insurance industry, competition will occur and these companies will lose a small portion of the stronghold, which may not be a bad thing. However, in other states where there is more choice in who provides health insurance, a government run option may take away too much from the remaining insurers, leaving them without enough to stay in business in that state. In many states this new healthcare reform promises to be the downfall of competition in the health insurance industry.

“If you are looking to get a good medical insurance policy in place before the health reforms take place, start by getting a quote today,” said Tom Carolan, Director of Client Services at BestHealthcareRates.com. “We can provide family medical insurance, individual medical insurance plans or something to replace your group medical insurance plan. Get your policy in place before the government changes take effect.”

BestHealthcareRates.com has been helping individuals and families find the absolute best medical insurance plans for them at the best rates since 2001. Their dedication to staying on top of what is vital to the healthcare industry is reflected in the high quality service they provide to those looking for affordable medical insurance.

http://www.besthealthcarerates.com