Why It’s So Hard for Insurers to Compete Over Technology

We are awash in choices about health insurance. Affordable Care Act (ACA) marketplaces offer about 40 plans, on average. Medicare beneficiaries can choose from among about 2 dozen to 3 dozen Medicare Advantage and prescription drug plans, respectively. At least half of all US workers are offered multiple coverage options by their employers. And many Medicaid enrollees can choose among managed care plans.