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Article: SENS. SNOWE, BOND, LINCOLN, DURBIN ASK GAO TO INVESTIGATE CONSOLIDATION IN SMALL GROUP HEALTH INSURANCE MARKET
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 24, 2008
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The office of Sen. Christopher S. 'Kit' Bond, R-Mo., issued the following news release:
U.S. Senate Small Business and Entrepreneurship Committee Members Olympia J. Snowe (R-Maine) and Kit Bond (R-Mo.), joined by Majority Whip Richard Durbin (D-IL) and Senator Blanche Lincoln (D-AR) requested on Tuesday that the Government Accountability Office (GAO) conduct a follow-up study to a 2005 report that showed that the five largest health insurance carriers represented three-quarters or more of the market in 26 of the 34 states supplying information. Since 2001, health insurance costs for small businesses have increased by 78 percent - far outpacing inflation and wage gains - and economists ...