In the US, there are many private health insurance specialists. However, life/annuity and property/casualty insurers also write this coverage, often referred to as accident and health insurance, as outlined by the Insurance Information Institute.
In 2020, the accident and health insurance industry’s direct written premiums reached $1.25 trillion, an increase of nearly 84% from $680 billion in 2011. The largest 10 insurers collectively account for 55.3% of the total US, according to the National Association of Insurance Commissioners. , market. NAIC).
Health Insurance Companies In the USA
Direct written premium: $176.7 billion
Market Share: 14.1%
A diversified health and wellness company, UnitedHealth Group’s core capabilities are clinical expertise, advanced technology and data, and health information.
UnitedHealth Group serves customers and consumers in the United States and more than 130 other countries through two different platforms: UnitedHealthcare provides healthcare and benefits services, while Optum provides information and technology-enabled health services. The group invests more than $4 billion in technology and innovation and processes approximately 1.1 trillion transactions annually.
2. Kaiser Foundation
Direct written premium: $104.2 billion
Market Share: 8.3%
Kaiser Foundation Health Plan, Inc. Operates as a non-profit healthcare organization. The organization provides allergy, audiology, cardiology, dermatology, oncology, hospice, laboratory, nephrology, occupational therapy, pain management, pediatric rehabilitation and pharmacy services. The company serves patients in the US.
3. Anthem, Inc.
Direct written premium: $76.9 billion
Market Share: 6.2%
Anthem, Inc. is a health benefits company committed to improving lives and communities and making healthcare easier. Anthem, through its affiliated companies, serves more than 106 million people, including more than 42 million in family health plans. It aims to be the most innovative, valuable and inclusive partner.
The group’s affiliated health plans have created a variety of HMOs, PPOs, network-based dental products, various hybrid and specialty products, and health plan services that combine features that consumers find attractive with effective cost control techniques. Huh. Huh. Individual members and employer groups can choose from basic and comprehensive plans to meet their specific needs. A wide range of related specialty products and other services are also available, including flexible spending accounts and COBRA administration.
4. Centene Corp.
Direct written premium: $75 billion
Market Share: 6%
Centene Corporation, a Fortune 500 company, is a diversified, multinational healthcare company that provides a portfolio of services for government-sponsored health care programs, focusing on uninsured and underinsured individuals. It operates in 50 states and three international markets and has over 25 million managed care members.
Centene operates local health plans and provides a range of health insurance solutions. In addition, it contracts with other health care and commercial organizations to offer specialized services, ranging from behavioral health, dental benefits, life and health, and pharmacy benefits management to care management software, and corrective health services, in-Home included. vision, characteristic. pharmacy, and telehealth services.
Direct written premium: $73.9 billion
Market share: 5.9%
Humana’s cultural foundations are aligned to help members achieve their best health by providing a personalized, simplified, whole-person healthcare experience. Recognizing that the health care needs of every individual, family and community are evolving, Humana creates innovative solutions and resources to help people live their healthiest lives on their terms – when and where they need it. Is. Is. Is. Is.
Direct written premium: $69 billion
Market Share: 5.5%
CVS Health is a healthcare innovation company that aims to help people walk the path to better health. Through its health services, schemes, and community pharmacists, it offers a new approach to holistic health.
CVS has more than 9,900 retail locations, approximately 1,100 walk-in medical clinics, a pharmacy benefits manager with approximately 100 million plan members, a diversified health benefits company serving approximately 23.4 million medical members, and a dedicated senior pharmacy care business. . , , which serves more than one lakh. patients per year, expansion of specialty pharmacy services, and a standalone Medicare Part D prescription drug plan.
Direct written premium: $42 billion
Market share: 3.4%
Health Care Service Corporation (HCSC), a mutually legal reserve company, is the largest customer-owned health insurance company in the US. 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, which include Dearborn Group, Dental Network of America, HCSC Insurance Service Company, Medicines, Availity, Prime Therapeutics and TriWest Healthcare Alliance. Huh. Huh. Huh. Huh.
8. Cigna Health
Direct written premium: $31.8 billion
Market share: 2.5%
Cigna Corporation is a global healthcare organization with more than 165 million customer and patient relationships in more than 30 countries and jurisdictions. Its insurance plans and products include health insurance for individuals and families, dental insurance plans, Medicare plans, Medicare supplement plans, other supplemental insurance, and international health insurance.
9. Molina Healthcare, Inc.
Direct written premium: $21.4 billion
Market share: 1.7%
Molina Healthcare, a Fortune 500 company, focuses exclusively on government-sponsored health programs for eligible individuals and families. The company contracts with state governments and acts as a health scheme that provides a wide range of quality health 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 provides Medicare products and has been selected in several states to engage in dual demonstration projects for managing the care of people eligible for Medicaid and Medicare.
10. Independence Health Group
Direct written premium: $20.1 billion
Market Share: 1.6%
The Philadelphia-headquartered Independence Health Group, along with its subsidiaries, serves approximately 10 million customers in 27 states and the District of Columbia. A quarter of its customer network is located in southeastern Pennsylvania. The company serves a variety of employer groups, from small and medium-sized enterprises to national corporations.
Services provided by an insurer include commercial, Medicare and Medicaid coverage, pharmacy benefits management, workers’ compensation and third-party benefits administration. The company is an independent licensee of the Blue Cross and Blue Shield Association.