Top 10 health insurance companies in the US | Insurance Business America
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Based on 2020 data from naic, these are the top 10 accident and health insurance groups:
1. unitedhealth direct written premiums: $176.7 billion market share: 14.1%
A diversified health and wellness company, unitedhealth group’s core capabilities are clinical expertise, advanced technology, and health data and information.
unitedhealth group serves clients and consumers in the united states and more than 130 other countries through two distinct platforms: unitedhealthcare provides health care coverage and benefits services, while optum provides health information and services based on in technology. the group invests more than $4 billion in technology and innovation and processes approximately 1.1 trillion transactions a year.
2. kaiser foundation direct written premiums: usd 104.2 billion market share: 8.3%
kaiser foundation health plan, inc. operates as a non-profit health organization. The organization offers allergy, audiology, cardiology, dermatology, oncology, hospice, laboratory, nephrology, occupational therapy, pain management, pediatric rehabilitation, and pharmacy services. The company serves patients in the United States.
3. Anthem, Inc. direct written premiums: $76.9 billion market share: 6.2%
anthem, inc. is a health benefits company committed to improving lives and communities and simplifying health care. Anthem, through its affiliated companies, serves more than 106 million people, including more than 42 million within its family of health plans. aims to be the most innovative, valuable and inclusive partner.
The group’s affiliated health plans have created various HMOs, PPOS, network-based dental products, various hybrid and specialty products, and health plan services that combine attributes that consumers find attractive with effective techniques. of cost control. individual members and employer groups can choose between basic and comprehensive plans to meet their specific needs. A wide range of related specialty products and other services, including flexible spending accounts and collect management, are also available.
4. centene corp direct written premium: $75 billion market share: 6%
Centene Corporation, a fortune 500 company, is a diversified, multinational health care company that provides a portfolio of services to government-sponsored health care programs, focusing on the uninsured and underinsured. It operates in 50 states and three international markets and has more than 25 million managed care members.
centene operates local health plans and offers a range of health insurance solutions. In addition, it contracts with other commercial and health care organizations to offer specialized services, ranging from behavioral health, dental benefits, life and health, and pharmacy benefit management to prescription management software. care, correctional health care services, home health services, managed vision, specialty pharmacy, and telehealth services.
5. human capital direct written premiums: $73.9 billion market share: 5.9%
humana’s cultural foundation is aligned to help members achieve their best health by providing personalized, simplified, whole-person health care experiences. Recognizing that the health care needs of each individual, family, and community continue to evolve, Humana creates innovative solutions and resources to help people live their healthiest lives on their terms, when and where they need it.
6. cvs direct written premiums: $69 billion market share: 5.5%
cvs health is a health care innovation company whose purpose is to help people on their journey to better health. Through its health services, plans, and community pharmacists, it is pioneering a new approach to total health.
cvs has more than 9,900 retail locations, nearly 1,100 walk-in medical clinics, a pharmacy benefit manager with over 100 million plan members, a diversified health care benefits company serving over 23, 4 million medical members, a dedicated senior pharmaceutical care business serving over a million patients annually, expanding specialty pharmacy services, and a stand-alone medicare part d prescription drug plan.
7. hcsc direct written premiums: $42 billion market share: 3.4%
Health Care Service Corporation (HCSC), a mutual legal reserve company, is the largest customer-owned health care insurance company 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 people in more than 60 local offices.
hcsc offers a wide variety of life and health insurance products and related services through its affiliates and subsidiaries, including dearborn group, dental network of america, hcsc insurance service company, medecision, availability, prime therapeutics and triwest healthcare alliance.
8. cigna health direct written premiums: $31.8 billion market share: 2.5%
Cigna Corporation is a global health services organization with more than 165 million customer and patient relationships in more than 30 countries and jurisdictions. its insurance plans and products include individual and family health insurance, dental insurance plans, medicare plans, medicare supplemental plans, other supplemental insurance, and international medical insurance.
9. molina healthcare, inc. direct written premiums: $21.4 billion market share: 1.7%
Molina Healthcare, a fortune 500 company, focuses exclusively on government-sponsored health care programs for qualified individuals and families. The company contracts with state governments and operates as a health plan that provides a wide range of quality health care 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 many states to participate in dual demonstration projects to manage care for people eligible for Medicaid and Medicare.
10. independence health group direct written premiums: $20.1 billion market share: 1.6%
Independence Health Group, headquartered in Philadelphia, together with its subsidiaries, serves approximately 10 million clients in 27 states and the District of Columbia. a quarter of its customer network is in southeastern Pennsylvania. The company serves various groups of employers, from small and medium-sized businesses to national corporations.
Among the services offered by the insurer are commercial coverage, medicare and medicaid, administration of pharmacy benefits, workers’ compensation and administration of third-party benefits. The company is an independent licensee of the Blue Cross and Blue Shield Association.
(updated August 23, 2021)