February 6, 2023

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Most Popular health insurance companies in the US

health insurance

Within the us, there are a bunch of private healthcare coverage specialists. However, life/annuity and property/casualty insurers additionally write this coverage, frequently referred to as twist of fate and medical insurance, as outlined with the aid of the insurance data institute.

In 2020, the accident and health insurance enterprise’s direct written rates reached $1. 25 trillion, up via nearly eighty four% from $680 billion in 2011. The largest 10 insurers together wrote fifty five. 3% of the entire us marketplace, consistent with the national association of insurance commissioners (naic).

Based totally on naic’s records, right here are the pinnacle 10 accident and medical health insurance corporations:

1. UnitedHealth

Direct Written Premiums: $176.7 billion

Market Share: 14.1%

Diversified health and well-being company, UnitedHealth cluster’s core capabilities are clinical expertise, advanced technology, and data and health data.

UnitedHealth Group serves purchasers and customers in the U.S.A. and quite one hundred thirty different countries through 2 distinct platforms: UnitedHealthcare provides health care coverage and edges services, whereas Optum provides information and technology-enabled health services. The group invests more than $4 billion in technology and innovation and processes close to 1.1 trillion transactions annually.

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2. Kaiser Foundation

Direct Written Premiums: $104.2 billion
Market Share: 8.3%

Kaiser Foundation Health Plan, Inc. operates as a non-profit attention organization. The organization offers allergy, audiology, cardiology, dermatology, oncology, hospice, laboratory, nephrology, activity therapy, pain management, medical specialty rehabilitation, and pharmacy services. The company serves patients within the US.

3. Anthem, Inc.

Direct Written Premiums: $76.9 billion
Market Share: 6.2%

Anthem, Inc. is a health benefits company that’s committed to rising lives and communities and creating attention simpler. Anthem, through its attached companies, serves quite 106 million people, together with over forty two million among its family of health arranges. It aims to be the foremost innovative, valuable, and inclusive partner. –

The group’s affiliated health plans have created varied HMOs, PPOs, network-based dental products, various hybrid and specialty products, and health plan services that mix the attributes shoppers realize enticing with effective value management techniques. Individual members and leader teams will choose from basic and comprehensive plans to meet their specific needs. a large range of connected specialty product and alternative services is additionally available, together with versatile outlay accounts and elapid administration.

4. Centene Corp

Direct Written Premiums: $75 billion
Market Share: 6%

Centene Corporation, a Fortune fifty0 company, is a diversified, international care company providing a portfolio of services to government-sponsored healthcare programs, specializing in uninsured and underinsured individuals. It operates in 50 states and 3 international markets and has over twenty five million managed care members.

Centene operates native health plans and provides a spread of insurance solutions. Also, it contracts with alternative healthcare and industrial organizations to supply specialty services, starting from activity health, dental edges, life and health, and pharmacy benefits management to worry management software, punitory healthcare services, in-home health services, managed vision, specialty pharmacy, and telehealth services.

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5. Humana

Direct Written Premiums: $73.9 billion
Market Share: 5.9%

Humana’s cultural foundation is aligned to assisting members achieve their best health by providing personalized, simplified, whole-person attention experiences. Recognizing that every person, family, and community’s healthcare desires still evolve, Humana creates innovative solutions and resources to help individuals live their healthiest lives on their terms – once and wherever they have it.

6. CVS

Direct Written Premiums: $69 billion
Market Share: 5.5%

CVS Health is a care innovation company with a purpose to assist folks on their path to higher health. Through its health services, set ups, and community pharmacists, it pioneers a brand new approach to total health.

CVS has quite 9,900 retail locations, nearly 1,100 walk-in medical clinics, a pharmacy edges manager with regarding one hundred million plan members, a varied healthcare benefits company serving about 23.4 million medical members, a fervent senior pharmacy care business serving more than a meg patients per year, increasing specialty pharmacy services, and a standalone Medicare half D prescription medicine 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 healthcare nondepository financial institution within the US. the corporate serves quite sixteen million members across 5 states – Illinois, Montana, New Mexico, Oklahoma, and American state – and employs more than 23,000 individuals in over sixty native offices.

HCSC offers a good type of life and insurance merchandise and connected services through its affiliates and subsidiaries, together with Dearborn Group, Dental Network of America, HCSC Insurance Service Company, Medecision, Availity, Prime Therapeutics, and TriWest tending Alliance.

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8. Cigna Health

Direct Written Premiums: $31.8 billion
Market Share: 2.5%

Cigna Corporation is a global health service organization with over a hundred sixty five million client and patient relationships in over thirty countries and jurisdictions. Its insurance plans and product embody attention insurance for people and families, dental insurance plans, Medicare plans, Medicare supplemental plans, different supplemental insurance, and international health insurance.

9. Molina Healthcare, Inc.

Direct Written Premiums: $21.4 billion
Market Share: 1.7%

Molina Healthcare, a Fortune 500 company, solely focuses on government-sponsored health care programs for qualified people and families. the corporate contracts with state governments and is a health arrange providing a good range of quality healthcare services to individuals 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 conjointly offers a health care product and has been selected in many nations to affix in twin demonstration comes to manage the look after those eligible for health care and Medicare.

health insurance

10. Independence Health Group

Direct Written Premiums: $20.1 billion
Market Share: 1.6%

Philadelphia-headquartered Independence Health Group, along with its subsidiaries, serves concerning ten million shoppers in twenty seven states and therefore the District of Columbia. 1 / 4 of its client network is predicated in southeastern Pennsylvania. the corporate serves numerous leader groups, from tiny associated midsize enterprises to national corporations.

Among the services the nondepository financial institution offers are commercial, health care and Medicaid coverage, pharmacy edges management, workers’ compensation, and third-party benefits administration. the corporate is an freelance retail merchant of the Blue Cross and Blue protect Association.

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