Health Affairs published the study, led by New York University researchers.
Here are four observations:
1. Usually, if a region boasts fewer hospitals, it will result in higher premiums.
2. In New York, the study found if consumers had fewer plans to choose, they paid more for coverage.
3. In California, fewer plan options resulted in lower insurance rates.
4. Researchers believe because California limits the number of plans on its exchange, payers must compete for these places. Therefore, the competition keeps prices down.
More articles on practice management:
10 key statistics on physician office visits
5 mHealth considerations when building a healthcare facility
Geographic location determines how often patients see physicians: 8 observations
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