Health insurance

The Biggest Sins Of Private Health Insurance

The idea of competition is deep-rooted in the economic system of the United States. It is so widespread within the system that there are anti-trust laws and criminal penalties for those who violate them and attempt to bring about a monopoly in the industry. Therefore, why would anyone think of monopolizing medical care or the health insurance sector? The most immediate reason that comes to the mind is that there is hardly any benefit from competition in this sector. This is in comparison to other goods and services. The health insurance market is quite known for the superficial competition that exists in it. Even though a lot of employees have plenty of health insurance choices to choose from, a few problems are cropping up time and again. So, what are they? Find out.

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