The American Hospital Association petitioned the Department of Justice to take a look at US insurer Centene's $17B acquisition of rival WellCare:
Incumbent payers' focus on the MA market could spell trouble for health insurtechs.2,700
MA plans available for enrollment in 2019 — an 18% increase from the 2,300 offered in 2018. Over the same period, MA enrollment was expected to grow just under 12%. Insurance startups will likely find it difficult to woo a sizable portion of new enrollees as entrenched incumbents continue to roll out new plans.
And smaller insurers lack the negotiating power of large, consolidated insurers, which may push up startups' costs of operating MA plans.There's also been consolidation among hospitals and health systems, which makes it difficult for insurers — especially smaller ones — to negotiate prices with providers,
a 2019 Commonwealth Fund report. This may make it financially infeasible for insurance entrants to break into new MA markets where large payers already operate.pass to Business Insider Intelligence and gain immediate access to the Digital Health Briefing, plus more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally.
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