From Deseret News archives:
IHC is truly on the hot seat - and it knows it
This task force was created by the Legislature after a heated debate focused on separating IHC's hospitals from IHC's health insurance arm. Sponsored by Sen. Michael Waddoups, the duties of the committee are substantive and include investigating IHC market penetration and whether the tax exemption IHC enjoys is appropriate. Committee members will spend $300,000 an unprecedented amount on analysts to provide qualitative information for the next two years.
There is no dispute regarding the high quality and competitive cost of services IHC supplies Utahns; the concern is with market dominance. The company directly controls at least 52 percent of all hospital beds and is the state's largest health insurer, with 450,000 lives. IHC is also the major provider of care to employees who receive insurance from the LDS Church, teacher organizations and state government. Despite the warm and fuzzy commercials, the universal complaint from doctors and competitors is that IHC abuses its strength in negotiations (in other words, they can be jerks).
Comments
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