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Originally Posted by noshit
Multiple bank owned insurance companies? What if the same foreign banks own them all, then what?
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I guess it depends. Are all of these banks also owned by the same person? If not then you have multiple banks that own multiple companies that all are offering the same product and they are still competing with each other.
When I browse the plans available in my state there are about a dozen companies to buy from. For a base silver plan the price can vary between companies by as much as $100. The big difference is what you get for the money. One company offers a plan a $1,000 annual deductible and $20 co pays for doctor visits and another offers $25 co pays but a $2,500 annual deductible ad they are only $10 per month apart in price.