Top 10 Health Insurance Companies In The US
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Top 10 health insurance companies in the US
In the US, there are a host of private healthcare insurance specialists. Still, life/ subvention and property/ casualty insurers also write this content, frequently appertained to as accident and health insurance, as outlined by the Insurance Information Institute.
In 2020, the accident and health insurance assiduity’s direct written decorations reached$1.25 trillion, over by nearly 84 from$ 680 billion in 2011. The largest 10 insurers inclusively wrote55.3 of the total US request, according to the National Association of Insurance Officers (NAIC).
Grounded on NAIC’s 2020 data, then are the top 10 accident and health insurance groups
The biggest health insurance companies in the United States include well- known insurance providers. Numerous of these companies offer a range of health products, and others specialize in specific areas. For illustration, while continuing to service its being Affordable Care Act (ACA) programs, Humana now sells only Medicare plans to new members.
A diversified health and well- being company, UnitedHealth Group’s core capabilities are clinical moxie, advanced technology, and data and health information.
UnitedHealth Group serves guests and consumers in the US and further than 130 other countries through two distinct platforms UnitedHealthcare provides healthcare content and benefits services, while Optum provides information and technology- enabled health services. The group invests further than$ 4 billion in technology and invention and processes roughly1.1 trillion deals annually.
- Direct Written Decorations$176.7 billion
- Market Share14.1
2. Kaiser Foundation
Kaiser Foundation Health Plan,Inc. operates as anon-profit healthcare association. The association offers mislike, audiology, cardiology, dermatology, oncology, lodge, laboratory, nephrology, occupational remedy, pain operation, pediatric recuperation, and drugstore services. The company serves cases in the US.
- Direct Written Decorations$104.2 billion
- Market Share 8.3
Anthem,Inc. is a health benefits company that's committed to perfecting lives and communities and making healthcare simpler. Hymn, through its related companies, serves further than 106 million people, including over 42 million within its family of health plans. It aims to be the most innovative, precious, and inclusive mate.
The group’s related health plans have created colorful HMOs, PPOs, network- grounded dental products, colorful mongrel and specialty products, and health plan services that combine the attributes consumers find seductive with effective cost control ways. Individual members and employer groups can elect from introductory and comprehensive plans to meet their specific requirements. A wide range of affiliated specialty products and other services is also available, including flexible spending accounts and COBRA administration.
- Direct Written Decorations$76.9 billion
- Market Share 6.2
4. Centene Corp
Centene Corporation, a Fortune 500 company, is a diversified, transnational healthcare company furnishing a portfolio of services to government- patronized healthcare programs, fastening on uninsured and underinsured individualities. It operates in 50 countries and three transnational requests and has further than 25 million managed care members.
Centene operates original health plans and provides a range of health insurance results. Also, it contracts with other healthcare and marketable associations to offer specialty services, ranging from behavioral health, dental benefits, life and health, and drugstore benefits operation to watch operation software, corrective healthcare services, in- home health services, managed vision, specialty drugstore, and telehealth services.
- Direct Written Decorations$ 75 billion
- Market Share 6
Humana’s artistic foundation is aligned to helping members achieve their stylish health by furnishing substantiated, simplified, whole-person healthcare gests. Feting that each person, family, and community’s healthcare needs continue to evolve, Humana creates innovative results and coffers to help people live their healthiest lives on their terms – when and where they need it.
- Direct Written Decorations$73.9 billion
- Market Share 5.9
CVS Health is a healthcare invention company with a purpose to help people on their path to more health. Through its health services, plans, and community druggists, it settlers a new approach to total health.
CVS has further than retail locales, nearly walk-in medical conventions, a drugstore benefits director with about 100 million plan members, a diversified healthcare benefits company serving about23.4 million medical members, a devoted elderly drugstore care business serving further than one million cases per time, expanding specialty drugstore services, and a standalone Medicare Part D tradition medicine plan.
- Direct Written Decorations$ 69 billion
- Market Share 5.5
Health Care Service Corporation (HCSC), a collective legal reserve company, is the largest client- possessed healthcare insurance company in the US. The company serves further than 16 million members across five countries – Illinois, Montana, New Mexico, Oklahoma, and Texas – and employs further than people in over 60 original services.
HCSC offers a wide variety of life and health insurance products and related services through its cells and accessories, including Dearborn Group, Dental Network of America, HCSC Insurance Service Company, Medecision, Availity, Prime Rectifiers, and TriWest Healthcare Alliance.
- Direct Written Decorations$ 42 billion
- Market Share 3.4
8. Cigna Health
Cigna Corporation is a global health service association with further than 165 million client and patient connections in over 30 countries and authorities. Its insurance plans and products include healthcare insurance for individualities and families, dental insurance plans, Medicare plans, Medicare supplemental plans, other supplemental insurance, and transnational health insurance.
- Direct Written Decorations$31.8 billion
- Market Share 2.5
9. Molina Healthcare,Inc.
Molina Healthcare, a Fortune 500 company, simply focuses on government- patronized healthcare programs for good individualities and families. The company contracts with state governments and serves as a health plan furnishing a wide range of quality healthcare services to individualities and families.
Molina provides 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 named in numerous countries to join in binary demonstration systems to manage the care for those eligible for Medicaid and Medicare.
- Direct Written Decorations $21.4 billion
- Market Share 1.7
10. Independence Health Group
Philadelphia-headquartered Independence Health Group, along with its accessories, serves about 10 million guests in 27 countries and the District of Columbia. A quarter of its client network is grounded in southeastern Pennsylvania. The company serves colorful employer groups, from small and mean enterprises to public pots.
- Direct Written Decorations$20.1 billion
- Market Share 1.6
Among the services the insurer offers are marketable, Medicare and Medicaid content, drugstore benefits operation, workers’ compensation, and third- party benefits administration. The company is an independent designee of the Blue Cross and Blue Shield Association.