New Analysis Explores Insurer Competition under ACA
New Analysis Explores Insurer Competition under ACA

The reforms enacted as part of the Affordable Care Act (ACA) were intended to foster competition and choice in the individual health insurance market. This week, the Kaiser Family Foundation released an analysis that suggests competition among insurance plans may be no better today than it was this time two years ago.

In order to analyze “competition,” Kaiser took a comparative look at insurer market share in seven states that have released enrollment data from their state-run exchanges. Their analysis found that competition was actually considerably better than in 2012 in New York and California, but in Connecticut and Washington, competition was actually worse – with fewer insurers offering plans than in 2012.

These early results are obviously just a snapshot in time and not representative of the country at large. Additionally, time will tell how insurers react to this rocky first year in 2015 and beyond, but with everyone clamoring for fodder about how well/not well the law is performing, this new information certainly adds a twist.

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