There are many private health insurance specialists in the United States. However, life insurance / annuity insurance and non-life insurance companies also undertake this coverage. This is often referred to as non-life insurance and health insurance, as explained by the Insurance Information Association.
In 2020, non-life and health insurance industry direct premiums reached $ 1.25 trillion, an increase of nearly 84% from $ 680 billion in 2011. According to the National Association of Insurance Commissioners, the top 10 insurers collectively undertook 55.3% of the National Association of Insurance Commissioners (NAIC).
Based on NAIC’s 2020 data, the top 10 groups of accident and health insurance are:
Direct premium: $ 176.7 billion
Market share: 14.1%
The core competence of UnitedHealth Group, a diverse health and wellness company, is clinical expertise, advanced technology, 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 health insurance coverage and benefits services, and Optum provides information and technology-enabled medical 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, Inc. Health insurance A non-profit health organization. This organization offers allergies, audiology, cardiology, dermatology, oncology, hospice, laboratories, kidney disease, occupational therapy, pain management, pediatric rehabilitation, and pharmacy services. The company serves patients in the United States.
3. Anthem, Inc. Direct premium: $ 76.9 billion
Market share: 6.2%
Anthem, Inc. Is a health care services company specializing in improving lives and communities and simplifying health care. Through its affiliates, Anthem serves more than 106 million people, including more than 42 million people in the healthcare plan family. It aims to be the most innovative, valuable and comprehensive partner.
The Group’s affiliated health insurance is a health insurance service that combines a variety of HMOs, PPOs, network-based dental products, a variety of hybrid and specialty products, and attributes and effective cost management technologies that consumers find attractive. is created. Individual members and employer groups can select from basic and comprehensive plans to meet their specific needs. A wide range of related specialty products and other services is also available, including flexible spending accounts and COBRA administration.
4. Centene Corp
Direct Written Premiums: $75 billion
Market Share: 6%
Centene Corporation, a Fortune 500 company, is a diversified, multinational healthcare company providing a portfolio of services to governmentsponsored healthcare programs, focusing on uninsured and underinsured individuals. It operates in 50 states and three international markets and has more than 25 million managed care members. Centene operates a local health insurance company and offers a variety of health insurance solutions. We also contract with other health care and trading organizations to manage behavioral health, dental services, life and health, pharmacy services to care management software, orthodontic services, home care services, managed vision, specialty pharmacies, telemedicine. We provide specialized services ranging from medical services.
Direct written premium: $ 73.9 billion
Market share: 5.9%
Humana’s cultural foundation is dedicated to helping members achieve their best health by providing a personalized, simplified, holistic health experience. Humana recognizes the evolving health needs of everyone, families and communities, and provides innovative solutions and resources to help people live the healthiest lives when and where they need them. Create. 6. CVS
Direct premium: $ 69 billion
Market share: 5.5%
CVS Health is an innovative healthcare company dedicated to helping people travel to better health. Through medical services, planning and community pharmacists, we are pioneering new approaches to overall health.
CVS has more than 9,900 retail stores, about 1,100 walk-in medical clinics, pharmacy benefit managers servicing about 100 million insureds, and a variety of services to about 23.4 million medical members. There is a medical benefit company, a specialized pharmacy care business that serves more than 1 million patients. Annual work per person, expansion of specialty pharmacy services, and a standalone plan for Medicare Part D prescription drugs.
Direct Written Premiums: $42 billion
Market Share: 3.4%
Health Care Service Corporation (HCSC), a mutual legal reserve company, is the largest customerowned healthcare insurance company in the US. The company serves more than 16 million members across five states – Illinois, Montana, New Mexico, Oklahoma, and Texas – and employs more than 23,000 people in over 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, Availity, 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 service organization with more than 165 million customer and patient relationships in over 30 countries and jurisdictions. Insurance plans and products include individual and family health plans, dental plans, Medicare plans, Medicare supplemental plans, other supplemental plans, and international health plans.
9. Molina Healthcare, Inc. Direct written premium: $ 21.4 billion
Market share: 1.7%
Molina Healthcare, a Fortune 500 company, is dedicated to government-sponsored healthcare programs for qualified individuals and families. The company has contracts with the state government to act as health insurance and provide a wide range of quality medical services to individuals and families. Molina offers health insurance in California, Florida, Illinois, Michigan, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin and Puerto Rico. The company also offers Medicare products and has been selected in many states to participate in dual demonstration projects to manage the care of Medicaid and Medicare qualified people.
10. Independence Health Group
Direct premium: $ 20.1 billion
Market share: 1.6%
Headquartered in Philadelphia, Independence Health Group and its subsidiaries serve approximately 10 million clients in 27 states and the District of Columbia. A quarter of our customer network is located in southeastern Pennsylvania. The company serves a variety of employer groups, from small businesses to state-owned enterprises.
Services provided by insurance companies include business, Medicare and Medicaid coverage, pharmacy benefits management, employee compensation, and third-party benefits management. The company is an independent licensee of the Blue Cross and Blue Shield Association.