The United States is home to some of the largest health insurance companies in the world. These companies offer a wide range of health insurance plans, including individual and group policies, Medicare Supplement plans, and Medicaid managed care programs. In this article, we will discuss the top five largest health insurance companies in the US based on their revenue.
1. UnitedHealth Group (UNH)
UnitedHealth Group is the largest health insurance company in the US with a revenue of $242 billion in 2019. The company offers a wide range of health insurance plans, including individual and group policies, Medicare Supplement plans, and Medicaid managed care programs. UnitedHealth Group also operates several subsidiaries, including Optum, which provides data analytics and technology-based services to healthcare providers.
2. Anthem Inc. (ANTM)
Anthem Inc. is the second-largest health insurance company in the US with a revenue of $105 billion in 2019. The company offers a variety of health insurance plans, including individual and group policies, Medicare Supplement plans, and Medicaid managed care programs. Anthem Inc. also operates Blue Cross Blue Shield licenses in several states across the US.
3. Aetna (AET)
Aetna is the third-largest health insurance company in the US with a revenue of $67 billion in 2019. The company offers a wide range of health insurance plans, including individual and group policies, Medicare Supplement plans, and Medicaid managed care programs. Aetna also operates several subsidiaries, including iTriage, which provides telemedicine services to healthcare providers.
4. Cigna Corporation (CI)
Cigna Corporation is the fourth-largest health insurance company in the US with a revenue of $41 billion in 2019. The company offers a variety of health insurance plans, including individual and group policies, Medicare Supplement plans, and Medicaid managed care programs. Cigna Corporation also operates several subsidiaries, including Evernorth, which provides pharmacy benefits management services to healthcare providers.
5. Humana Inc. (HUM)
Humana Inc. is the fifth-largest health insurance company in the US with a revenue of $55 billion in 2019. The company offers a variety of health insurance plans, including individual and group policies, Medicare Advantage plans, and Medicaid managed care programs. Humana Inc. also operates several subsidiaries, including Concentra, which provides occupational health and wellness services to healthcare providers.
In conclusion, these five companies are the largest health insurance companies in the US based on their revenue. They offer a wide range of health insurance plans, including individual and group policies, Medicare Supplement plans, and Medicaid managed care programs. These companies also operate several subsidiaries that provide various healthcare services to providers and consumers. As the US healthcare industry continues to evolve, it will be interesting to see how these companies adapt and grow in response to changing market conditions and consumer needs.