The Competition Lie

The next time anyone tries to tell you, on TV, on the radio, in print or in person, that a public option health insurance plan will somehow stifle competition and hurt the consumer, tell them this:

The report, released by Health Care for America Now (HCAN), uses data compiled by the American Medical Association to show that 94 percent of the country's insurance markets are defined as "highly concentrated," according to Justice Department guidelines. Predictably, that's led to skyrocketing costs for patients, and monster profits for the big health insurers. Premiums have gone up over the past six years by more than 87 percent, on average, while profits at ten of the largest publicly traded health insurance companies rose 428 percent from 2000 to 2007.

Far from healthy market competition, HCAN describes the situation as "a market failure where a small number of large companies use their concentrated power to control premium levels, benefit packages, and provider payments in the markets they dominate."

So extreme is the level of consolidation, in fact, that one former top Federal Trade Commission official working with HCAN has sent a letter to the Justice Department's Antitrust Division, asking for an investigation into the health insurance marketplace.

The showdown between the American public and the ridiculously rich health insurance companies draws nigh. Make your call:

Please CALL Senator Max Baucus at (202) 224-2651
Please CALL Senator Olympia Snowe at (202) 224-5344
Please CALL Senator Charles Schumer at 202-224-6542
Please CALL Senator Edward Kennedy at (202) 224-4543
Please CALL Senator John Rockefeller at (202) 224-6472
Please CALL Senator Ron Wyden at (202) 224-5244
Please CALL Senator Kent Conrad at (202) 224-2043
Please CALL Senator Jeff Bingaman at (202) 224-5521
Please CALL Senator John Kerry at (202) 224-2742
Please CALL Senator Blanche Lincoln at 202-224-4843
Please CALL Senator Debbie Stabenow at (202) 224-4822
Please CALL Senator Maria Cantwell at 202-224-3441
Please CALL Senator Bill Nelson at 202-224-5274
Please CALL Senator Robert Menendez at 202-224-4744
Please CALL Senator Thomas Carper at (202) 224-2441
Please CALL Kay Hagan (202) 224-3121

If it doesn't happen, we only have ourselves to blame.