In say about 20 years, there will be only 2-3 dominate players in every industry as capitalism has a natural tendency to wipe out competition in order to extract the ultimate goal, monopoly profits. Monopoly Money Our good friend Senator Blanche Lincoln thinks it's very dangerous for the insurance companies to have to compete with a public plan option: âOne of our biggest concerns is that it doesnât need to be a government plan that usurps that ability to compete in the marketplace, which Iâm concerned that a totally government-run option would do,â she said. Right. It's competition in the marketplace that makes this country great. Like the competition they have in Lincoln's state of Arkansas, for instance: The Justice Department considers an industry to be âhighly concentratedâ if one company has 42 percent of the market. In Arkansas â Senator Lincoln should take note â Blue Cross Blue Shield has 75 percent of the market. If you take government self-insurance plans out of the equation, it's higher. The state ranks as the ninth most concentrated in the country. Is it any wonder that insurance premiums have risen five times as fast as wages? Introducing a public plan option that individuals and businesses could choose instead of Blue Cross would be very detrimental to Blue Cross, that's true. They would lose their monopoly for sure and very likely lose a lot of customers if they kept raising rates at the clip they've been raising them: Here is a clue to the Arkansas problem â and the national one, too. From 2000 to 2007, the median earnings of Arkansas workers rose only 12 percent, from $20,328 to $22,692. Health insurance premiums for the average working Arkansas family rose over the same period by 66 percent. ------------- Party of the Dumb continues on sending the country into the ground; that is if you want healthcare companies at all. I prefer to rid the world of these things and let evolution and biology take its course and let the weak go die in a corner.