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Member, Beacon International Group, Ltd.
Over the past decade, the landscape of health insurance in the U.S. has dramatically transformed, with six major for-profit parent companies now accounting for nearly 30% of the nation's total health spending, a significant increase from less than 10% in 2011, Axios reports. These companies have expanded beyond traditional insurance services, acquiring entities like primary care providers and pharmacy chains, which has sparked debates regarding their impact on competition, costs, and quality of care.