Lori Trahan: “Executives from four companies together control about 50% of…”

“At the same time, the private insurance market itself has become deeply consolidated. And that consolidation is a major reason costs remain so high. You're sitting before us are the Executives from four companies together control about 50% of the commercial insurance market. Not exactly a depiction of a healthy competitive system. It's a system of haves and have nots where market power is concentrated, competition is weakened, independent providers are squeezed out, and families are forced to pay more.” (00:44–00:53)

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