Kaiser Has Biggest Piece Of State’s $53 Billion Insurance Market
Thursday, January 31, 2013
Aired 1/31/13 on KPBS News.
Kaiser Permanente has 40 percent of California's lucrative health insurance market.
The report shows that just five health insurers control 91 percent of California's market.
Kaiser had the biggest share of the state's $59 billion health insurance business. Second place went to Anthem Blue Cross, which had 23 percent of the pie.
These insurers will be the biggest players in California's new health insurance exchange. That's an online marketplace where consumers will be able to compare plans and apply for federal subsidies. The Affordable Care Act requires everyone to have health insurance beginning next year.
State officials say California's exchange will be launched in the fall.