Health insurance competition low in South Carolina

South Carolina Health Insurance

South Carolina health insurance market lacks competition A new report from the American Medical Association suggests that South Carolina may have one of the least competitive health insurance marketplaces in the U.S. The state falls behind Alabama, Hawaii, Michigan, Delaware, and Alaska in terms of a lack of competition in its insurance market. Despite the existence of the state’s health insurance exchange, competition among insurers remains low, limiting the options that state residents have regarding the coverage they have access to. Blue Cross Blue Shield boasts of majority of the…

Read More

Competition begins heating up in the health insurance sector

online health insurance technology exchange

Health insurance exchanges are boosting competition Health insurance exchanges throughout the U.S. have encountered many problems over the past month. When open enrollment began, exchange websites were flooded with traffic, leading to capacity problems and technical glitches with many exchange systems. In the weeks that followed, many state-based exchanges were able to overcome these issues, though technical difficulties still plagued the healthcare.gov website and enrollment system. As health insurance exchanges have begun growing more capable of handling demand, they are beginning to accomplish one of their primary goals: Increase competition…

Read More