- Mar 13, 2019
Health insurance takes care of the unforeseen medical expenses that the patient may have to incur. With growing importance given to patient-centric care models and quality health services, efforts are being made to make health insurance expenses affordable for all. While the previous government took the initiative in the form of Obamacare, covering a large part of the uninsured population in the US. Thus making healthcare affordable and efficient.
There are both private and public insurance companies promising best of insurance and health plans. However, few of them are doing a commendable job in the field by delivering the best program to patients.
Here is the List Highlighting the Top 10 Healthcare Insurance Companies in the US.
UnitedHealth Group
- American for-profit managed healthcare company
- Founded: 1977
- Founder: Richard T. Burke
- Membership: 49.5 million
- Revenue: $201.1 billion (as of 2017)
- Net Income: $10.82 billion (as of 2017)
- Products Offered: Health Care Services, Uniprise, Ingenix, and Specialized Care Services
Anthem
- Largest American for-profit managed healthcare company in the Blue Cross and Blue Shield Association
- Founded: 2014
- Founder: Merger of Anthem Insurance Company and WellPoint Health Networks
- Membership: 2 million
- Revenue: $90 billion (as of 2017)
- Net Income: $3.84 billion (as of 2017)
- Products Offered: Blue Cross and Blue Shield
Kaiser Permanente
- An American integrated managed care consortium
- Founded: 1945
- Founder: Henry J. Kaiser and Sidney R. Garfield
- Membership: 7 million (as of 2017)
- Revenue: $72.7 billion (as of 2017)
- Net Income: $3.8 billion (as of 2017)
- Products Offered: Health insurance and medical care
Aetna
- Provider of consumer-directed and traditional health care insurance and related services.
- Founded: 1853
- Founder: Eliphalet Adams Bulkeley
- Membership: 2 million
- Revenue: $60.6 billion (as of 2017)
- Net Income: $1.9 billion (as of 2017)
- Products Offered: Health insurance, vision, dental and other health plans
Cigna
- An American worldwide health services company
- Founded: 1792
- Founder: Merger of the Connecticut General Life Insurance Company (CG) and INA Corporation
- Membership: 9 million
- Revenue: $41.6 billion (as of 2017)
- Net Income: $2.2 billion (as of 2017)
- Products Offered: Health, Disability, Group, and Accident Insurance, and Disability and Workers’ Life Compensation Case Management
Humana
- A for-profit American managed care health insurance organization
- Founded: 1961
- Founder: Wendell Cherry, David A. Jones, Sr.
- Membership: 14 million
- Revenue: $53.7 billion (as of 2017)
- Products Offered: Health insurance
Centene Corporation
- A large publicly-traded and a multi-line managed care organization
- Founded: 1984
- Founder: Elizabeth “Betty” Brinn
- Membership: 2million
- Revenue: $60.11 billion (as of 2018)
- Net Income: $900 million (as of 2018)
- Products Offered: State and National health solutions, enterprise solutions and international solutions
Molina Healthcare
- A provider of health insurance through the government’s health programs like Medicaid and Medicare.
- Founded: 1980
- Founder: David Molin
- Membership: 4million
- Revenue: $19.8 billion (as of 2017)
- Net Income: $-512 million (as of 2017)
- Products Offered: Health plans
Health Care Service Corporation (HCSC)
- A non-profit parent company of the Blue Cross Blue Shield health plans
- Founded: 1936
- Founder: Member-owned health insurance company
- Membership: 15million
- Net Income: $4.1 billion (as of 2018)
- Products Offered: Health plans, dental solutions, and group, life, and disability insurance
WellCare Health Plans
- A Florida based managed health care insurance company
- Founded: 1985
- Founder: David Molin
- Membership: 4million
- Revenue: $17 billion (as of 2017)
- Net Income: $374 million (as of 2017)
- Products Offered: Coverage through Medicare, Medicaid, and Medicare Prescription Drug health plans.
Conclusion:
Healthcare expenses in the US are often out of the budget of the average population. Getting sick can turn out to be a costly affair for many without proper health insurance plans backing your health expenses. In the US, a regular doctor visit may cost $100, and a three-day stay at the hospital may reach a thousand dollars or more. Hence, various government and private insurance companies are coming up with affordable health plans to prevent the medical bill from turning into a nightmare.
However, health plans and healthcare insurance providers are not the same things. A good insurance provider may not have the best insurance plan for you and the vice versa. So, before choosing the right insurance for you, check the health plan and its features, coverage, and premiums properly before taking the final call. The above list will help you in getting a detailed market insight to know which provider stands where among the top ten list of the best in the US healthcare industry.
