No longer a local business?

The conventional wisdom is that health care is mainly a local business, with hundreds or thousands of local markets, each with its own dynamics. But that’s changing as commercial health insurers consolidate, Medicare becomes ever more prominent, and evidence based medicine and pay for performance become the norm. Today brings another step in that evolution as WellPoint announced its acquisition of WellChoice, creating a plan with 33 million members.

September 27, 2005

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