Top 5 Health Care Insurance Companies in The US
There are numerous private healthcare insurance specialists in the United States. The Insurance Information Institute, on the other hand, says that life/annuity and property/casualty insurers also offer similar coverage, which is often called “accident and health insurance.”
In 2020, the accident and health insurance industry’s direct written premiums will reach $1.25 trillion, about 84% higher than in 2011, when they were $660 billion. According to the National Association of Insurance Commissioners, the top 10 insurers wrote 55.3% of the US market (NAIC).
According to NAIC’s 2020 data, the top ten accident and health insurance groups are as follows:
1. UnitedHealth
Direct Written Premiums: $176.7 billion
Market Share: 14.1%
UnitedHealth Group is a health and wellness company with a wide range of services. Its main strengths are clinical knowledge, advanced technology, and data and health information.
UnitedHealth Group serves clients and consumers in the United States and over 130 other countries via two unique platforms: UnitedHealthcare provides healthcare coverage and benefits services.
At the same time, Optum delivers information and technology-enabled health services. The company spends more than $4 billion every year on technology and new ideas, and it does about 1,100,000,000,000,000 transactions every year.
