Health care costs are going up fast, and it's hurting everyone. But if we take a close look, we can see that just a few big companies are the main reason for this. A 2023 study shows that only five insurance companies (if you count all the Blues as one) have controlled over 90% of the market for the last ten years.
If you track the revenue of UnitedHealth, Cigna, Aetna/CVSHealth, Anthem/Elevance, and the Blues combined, you'll see that as their revenue goes up, so do the premiums charged to employers and employees.
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