BIGGEST HEALTH INSURANCE COMPANY IN USA
Generally, the health insurance company played a vital role in every country. As we all know that health insurance is essential and played a crucial role in the family as well.
Earlier most of the people were not generally aware of the health insurance, and they don’t cover under this scheme by which they lose their benefit for their family.
But now a day’s almost everyone knows about the health insurance. He or she covers under this so that in future if any uncertainty happens, the money can be claimed by them so that it provides benefits for the treatment. In this article, we have to discuss the most significant health insurance company in the United States of America.
As per the research, it tells us about that approximately 125 U.S. health insurer collects an amount of $713 billion in premiums that are around two-thirds of the total.
While for the insurer it does not necessarily mean that it provides the best health insurance as it is an exciting look at the total market share as we compared with the whole health insurance industry.
A research was made, and it was found that the affordable care act. This generally defines as a divisive policy for the public and the politicians. This will lead to discrimination among them, but since from 2010, there has been a financial boon for the top five generally giants for the health insurance payer industries.
The expansion of the customer based created by the Affordable Care Act along with the higher returns for the investors it has been pushed the revenues and the membership for the big five to year after year gain.
Generally, people kept in personalized benefits automation software for small businesses. If a person is looking for a health insurance policy, they recommend typically for the visiting the partners that are astride health to find the better one. If there is a case of a small business that is looking for an alternative to expensive the group policies, the small business HRA generally enables the employees to choose the plan for the best fits of there need. However as per the National Association of Insurance Commissioner (NAIC) usually there is five most significant health insurance company in the USA, and we discuss one by one.
Biggest Health Insurance Company in the USA
- United Health Group
- Anthem (Formerly WellPoint- anthem)
Above we discuss the name of the top 5 biggest health insurance companies in the USA. Now we consider the most significant health insurance company in the USA, i.e., United Health Group.
United Health Group
United health group is generally defined as distinctive diversified health as well as well-being company. The headquartered is in the United States, and a leader has a worldwide in helping the people live healthier lives, and also it assist in making the health system to work better for each and everyone.
This insurance company in the United States is committed to introducing an innovative approach, products, as well as services that might improve the personal health and this, will definitely promote the healthier populations in the local communities.
The core capabilities of United Health Group includes the clinical expertise, advanced technology as well as the data for the health information that uniquely enables us to meet the evolving the needs of a changing the healthcare environment.
United Health Group network
United health group incorporates a network of over 1 million physicians as well as 6,000 hospitals. Generally, it is integrated information as well as a technology platform that is in the use of 4 out of 5 hospitals in the United States that serve approximately 115 million individuals and it close to around 300 health plans as well. Generally, it includes the pharmacy care service that works with CMS and the private group around 67,000 pharmacies across the nation. As per the data, the net revenue of the United Health Group was around $184.8 Billion and also the revenue growth of this insurance company was +14.7 per cent (as for the calculation of 3 years) and not only this it deals with around 70 million subscribers till the data that is quite huge if we compared with the other health insurance companies in the USA.
The social responsibility of this type of insurance company deals with the work that addresses most pressing health challenges people as well as organizations that generally people are facing today in the United States and also in the worldwide. This same and generally dedication to the health and well-being of others drivers of the social responsibility and the philanthropic efforts as the individuals and the company as well.
United Health Group dedicated to a supporting initiative that generally improves the health quality as well as the outcomes today, and this outcome would invest in a future health workforce to meet the needs of the tomorrow.
The environment plays a vital role in the health of every community. So as United Health Group is the biggest insurance company in the USA its mission is to help the people to live their lives healthier, and also they help to make the health system work better for each and everyone.
United Health Group committed to minimizing the impact on the environment by conserving the energy as well as the natural resources and not only this it also raises the employee’s awareness about improving the environment.
Anthem (Formerly WellPoint- anthem)
Second Insurance Company is Anthem. As the anthem is continued with it stalled attempt to merge with Cigna. The net revenue of this insurance company is $89.1Billion. As per the latest trend, the subscriber of Anthem is around 40 million. The company has continued to maintain its presence as it is the second largest health payer.
The formation of Aetna is in the year 1853. It is also a big health insurance company in the USA. The net revenue of Aetna is near about $63 Billion as per the latest report. The subscriber of this insurance company is nearly about 23 million. This is a Connecticut based insurer that has always an eye for the growth and expanding to the market.
Next is Humana. It was founded in the year 1961 in Louisville. The net revenue as per the latest report by Humana is $54.3 Billion and the subscriber of this insurance company is about 14.2 million. It was originally a long-term care provider company that grew in the healthcare giant.
Last but not least is Cigna that also the biggest insurance company in the USA. It was formed in the year 1982 by a merger. A merger between INA Corporation and Connecticut General Corporation. The net revenue of this insurance company is $39.7 Billion with the subscribers of around 15 million. This offering a Medicare prescription in about 50 states.
At last we can conclude that above we discuss about the concept of Health Insurance Company in the United States with top biggest health insurance companies in the USA and also discuss about how the biggest insurance company in the USA plays a vital role in the country with challenges, growth, and revenue, the environmental conditions, and social responsibility as all play a significant role in their field. Finally, United Health Care Group is the biggest insurance company in the United States, and this will undoubtedly lead to benefit for every person who lives and get the insurance in that country that will lead to the growth of revenue and also the maximum subscriber that we discuss above which help to compete the other competitors.