DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Private Insurance Companies Already Quash Competition

**Pharmaciest2007** · 08-23-2009, 10:22 AM

By the way, I see nothing in that article to indicate that insurance companies "quash" competition, or that they use market power to increase premiums. Can somebody please explain to me what nefarious method a company which happens to have 70% of the market in a given region is supposed to use to increase their prices above those of their competitors? If they charged significantly more than that competition what makes you think that they would retain 70% regional market share for very long? Are different insurance companies really that poor substitutes for each other?

08-23-2009, 10:22 AM	#3
Pharmaciest2007 Join Date Oct 2005 Posts 407 Senior Member	By the way, I see nothing in that article to indicate that insurance companies "quash" competition, or that they use market power to increase premiums. Can somebody please explain to me what nefarious method a company which happens to have 70% of the market in a given region is supposed to use to increase their prices above those of their competitors? If they charged significantly more than that competition what makes you think that they would retain 70% regional market share for very long? Are different insurance companies really that poor substitutes for each other?
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