Is Florida Health Insurance A Monopoly?
Consumers almost have no breathing room in this land of inflated premiums. Aetna and Blue Cross and Blue Sheild, which are based out of Jacksonville, own almost 45% of the Florida’s market. They can “reap oversized profits and raise premiums with impunity,” Health Care for America Now had stated in a recent report. As a health reform advocacy group, Health Care for America Now called for a US Justice Department investigation on the market. They hope to have the unfair practices of buisness thrown out of the almost-monopolazied industry. Our President has proposed a new public health insurance to compete with the private compnaies, a proposal well backed by advocacy groups such as Health Care for America Now. Seeing as how this plan has not gone into effect yet Florida family’s avergae annual health insurance premium is at an unbelievable $11,720.