Top 10 health insurance companies in the US

Top 10 health insurance companies in the US


 Top 10 health insurance companies in the United States (USA)In the United States, there are countless private health insurance professionals. However, life/annuity and property/casualty insurance companies also carry this coverage, commonly known as accident and sickness insurance, the Insurance Information Institute reports.

In just a few years, written premiums directly from the accident and health insurance industry reached $1.25 trillion, up nearly 84 percent from $680 billion in 2011. The 10 largest insurers have accounts for 55.3% of the total US market, according to the National Association of Insurance Commissioners (NAIC).

1. United Health Insurance Company

Direct written premium: $176.7 billion

Market share: 14.1%

As a diversified health and wellness company, UnitedHealth Group's core competencies are clinical expertise, cutting-edge technology, and health data and information.

UnitedHealth Group serves customers and consumers in the United States and more than 130 other countries through two distinct platforms: UnitedHealthcare provides health care coverage and benefits, while Optum provides information and services technology-based healthcare. The Group invests more than $4 billion in technology and innovation and processes approximately 1.1 trillion transactions annually.

2. Kaiser Foundation Association

Direct written premium: $104.2 billion

Market share: 8.3%

Kaiser Foundation Health Plan, Inc. operates as a not-for-profit healthcare organization. The organization provides services in allergy, audiology, cardiology, dermatology, oncology, palliative care, laboratory, nephrology, occupational therapy, pain management, pediatric rehabilitation and pharmaceuticals. The company serves patients in the United States.

3. Anthem, Inc

Direct written premium: $76.9 billion

Market share: 6.2%

Anthem, Inc. is a health insurance company committed to improving lives, communities and simplifying healthcare. Anthem, through its affiliates, serves more than 106 million people, including more than 42 million in its family of health plans. It aims to be the most innovative, valuable and comprehensive partner.

The group's affiliated health plans have created various HMOs, PPOs, in-network dental products, various specialty and combination products, and combined health plan services. attributes that consumers find attractive with effective cost control techniques. Individual members and employer groups can choose from basic and comprehensive plans to meet their specific needs. A range of related specialty products and other services are also available, including flexible spending accounts and COBRA management.

4. Centene Corp.

Direct written premium: $75 billion

Market share: 6%

Centene Corporation, a Fortune 500 insurance company, is a diversified multinational healthcare company that provides a portfolio of services to government-funded, focused healthcare plans. to the uninsured and uninsured. It operates in 50 states and three international markets and has more than 25 million managed care members. Centene manages local health plans and offers a wide range of health insurance solutions. In addition, it contracts with other commercial and healthcare organizations to provide specialized services ranging from behavioral health, dental benefits, life and health, and pharmacy benefits management. to care management software, corrective healthcare services, home health services, managed vision, specialty pharmacy services, and telehealth.

5. Humanas

Direct written premium: $73.9 billion

Market share: 5.9%

Humana Cultural Assurance aims to help members achieve their best health by providing comprehensive, simplified and personalized wellness experiences. Recognizing that the healthcare needs of each person, family and community continue to evolve, Humana creates innovative solutions and resources to help people lead the healthiest lives on their terms - when and where they need it. 

6. CVS

Direct written premium: $69 billion

Market share: 5.5%

CVS Health is a healthcare innovation insurer dedicated to helping people on their journey to better health. Through health services, plans and community pharmacists, it innovates in the field of global health.

CVS has more than 9,900 retail outlets, nearly 1,100 borderless medical clinics, a pharmaceutical benefits manager with approximately 100 million program members, a diversified health benefits company serving approximately 23.4 million member health, an aged care pharmaceutical business that serves more than one million patients each year, expanding specialty pharmacy services and a standalone Medicare Part D prescription drug plan.

7. HCSC

Direct written premium: $42 billion

Market share: 3.4%

Health Care Service Corporation (HCSC), a mutual statutory reserve company, is the largest consumer-owned health insurer in the United States. The company serves more than 16 million members in five states — Illinois, Montana, New Mexico, Oklahoma, and Texas — and employs more than 23,000 employees in more than 60 local offices.

HCSC offers a wide range of life and health insurance products and related services through its subsidiaries and affiliates, including Dearborn Corporation, American Dental Network, Insurance Services Company HCSC, Medecision, Availity, Prime Therapeutics and TriWest Healthcare Alliance.

8. Cigna Health

Direct written premium: $31.8 billion

Market share: 2.5%

Cigna Corporation is a global healthcare services organization with more than 165 million customer and patient relationships in more than 30 countries and jurisdictions. Its insurance plans and products include personal and family health insurance, dental insurance, Medicare plans, Medicare supplement plans, other supplemental insurance, and national health insurance. economic.

9. Molina Healthcare, Inc. 

Direct written premium: $21.4 billion

Market share: 1.7%

Molina Healthcare, a Fortune 500 company, focuses exclusively on government-funded healthcare programs for qualified individuals and families. The company contracts with state governments and serves as a health plan that provides a wide range of quality medical services to individuals and families. Molina offers health plans in California, Florida, Illinois, Michigan, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin, and Puerto Rico. The company also offers a Medicare product and has been selected in multiple states to participate in dual demonstration projects to manage the care of Medicaid and Medicare-eligible individuals.

10. Independent Medical Group

Direct written premium: $20.1 billion

Market share: 1.6%

Philadelphia-based Independent Medical Group, together with its subsidiaries, serves approximately 10 million customers in 27 states and the District of Columbia. A quarter of its customer network is based in southeastern Pennsylvania. The company serves a wide range of employer groups, from small and medium enterprises to national corporations.

Among the services the insurer provides are commercial insurance, Medicare and Medicaid, drug benefit management, workers' compensation, and third-party benefits management. The company is independently licensed by Blue Cross and Blue Shield Association.

Post a Comment

Previous Post Next Post