health insurance

Health Insurance Companies In The United States (US)

Healthcare insurance, also known as health insurance, is any program that assists in the payment of medical expenses, whether through privately purchased insurance, social insurance, or a government-funded social welfare program. In a more technical sense, the term “health insurance” refers to any type of insurance that pays for an insured person’s medical, surgical, and sometimes dental expenses. This term’s synonyms include “health coverage,” “health care coverage,” and “health benefits.”

The United States’ life insurance system was established in the mid-1700s, but the first forms of health insurance did not emerge until 1860, when the Franklin Health Assurance Company of Massachusetts (the country’s first commercial insurance company) began providing private healthcare coverage for injuries that did not result in death. However, it took decades for the first modern health insurance plans to emerge.

50 Largest Health Insurance Companies in the U.S. Overall

 

Rank Health insurance company Market share Total health plan enrollment in 2021
1 Kaiser Permanente 12.81% 8,228,765
2 Elevance Health (Anthem) 7.27% 4,670,236
3 HCSC (including BCBS plans) 6.88% 4,419,293
4 UnitedHealth Group 6.70% 4,306,492
5 Centene Corp. 6.17% 3,962,897
6 CVS Health Corp. (Aetna) 4.01% 2,574,348
7 GuideWell (Florida Blue) 3.88% 2,491,019
8 Blue Cross Blue Shield of Michigan 2.08% 1,337,400
9 Highmark 1.61% 1,035,585
10 Blue Cross of North Carolina 1.40% 897,649
11 Humana 1.38% 887,612
12 Blue Cross and Blue Shield of Alabama 1.26% 810,745
13 Blue Cross Blue Shield of Massachusetts 1.24% 794,909
14 Molina Healthcare 1.21% 778,269
15 Independence Health Group 1.21% 774,155
16 CareFirst 1.20% 773,007
17 Tufts Health 1.14% 733,482
18 Horizon Blue Cross Blue Shield of New Jersey 1.07% 684,988
19 Bright Health 0.95% 609,981
20 Blue Shield of California 0.95% 608,388
21 Oscar Insurance 0.89% 573,833
22 Regence 0.89% 570,109
23 Blue Cross Blue Shield of South Carolina 0.87% 559,021
24 Intermountain Healthcare 0.87% 557,622
25 Medica 0.86% 551,986
26 Priority Health 0.82% 529,585
27 Cigna Corp. 0.80% 511,335
28 Excellus Health 0.76% 485,599
29 Wellmark 0.74% 476,632
30 EmblemHealth 0.74% 474,949
31 Blue Cross & Blue Shield of Louisiana 0.73% 466,813
32 Premera Blue Cross 0.72% 465,280
33 BlueCross BlueShield of Tennessee 0.69% 446,079
34 UPMC Health Plan 0.66% 422,050
35 HealthPartners 0.66% 421,333
36 Hawaii Medical Service Assn. 0.65% 417,150
37 Arkansas BlueCross BlueShield 0.62% 397,702
38 Blue Cross & Blue Shield of Kansas City 0.50% 320,136
39 Medical Mutual of Ohio 0.48% 308,476
40 University Health Care 0.41% 266,296
41 First Medical Health Plan 0.41% 260,438
42 Blue Cross Blue Shield of Arizona 0.40% 254,119
43 Blue Cross and Blue Shield of Minnesota 0.39% 250,704
44 CareSource 0.34% 220,020
45 Blue Cross & Blue Shield of Mississippi 0.33% 214,358
46 MVP Health Care 0.32% 207,547
47 Capital Blue Cross 0.29% 184,151
48 Blue Cross of Idaho 0.29% 183,064
49 PacificSource 0.26% 170,034
50 Providence St. Joseph Health 0.26% 169,476

Kaiser Permanente

Members of Kaiser Permanente can be found in eight states and the District of Columbia. It provides the following plans:

Individual medical insurance
Health insurance provided by employers
Medicare Supplemental Insurance
Medicaid, which includes Medi-Cal
Kaiser Permanente is a comprehensive health-care system that includes both medical providers and insurance coverage.

The company specializes in a care model that encourages experts from various departments and specialties to collaborate across departments and specialties, such as cancer care, cardiac care, maternity, and pediatrics. According to the company, this speeds up the process of diagnosis, treatment, and recovery.

Elevance Health (Anthem)

Elevance Health, formerly Anthem, offers Anthem and Wellpoint brands, as well as multiple Blue Cross Blue Shield plans.

Elevance provides the following plans:

Individual medical insurance
Health insurance provided by employers
Medicare Supplemental Insurance
Supplemental Medicaid insurance

HCSC

Health Care Service Corp. is the nation’s largest customer-owned health insurer, with members in five states. Blue Cross Blue Shield plans are offered in Illinois, Montana, New Mexico, Oklahoma, and Texas.

The following plans are available from HCSC:

Individual medical insurance
Health insurance provided by employers
Medicare Supplemental Insurance
Supplement to Medicare
Other types of coverage are available through Medicaid HCSC affiliates and subsidiaries, such as group life, disability, and dental insurance.

E.T.C

 

 

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