Delivered January 5, 2020. Contributor: Kiersten M.
To obtain a list of the 10 largest health insurance providers in the United States, along with data concerning their mental health claim payments.
Largest Health Insurers
In total, there are more than 900 health insurance providers in the United States, but the market is dominated primarily by five major companies: Anthem, UnitedHealthcare, Humana, Health Care Service Corporation (HCSC) and CVS Health Corporation.
Combined, the above-named five companies represent 38 percent of the total market size.
As of 2018, the following eight health insurers were the largest in the U.S. based both on number of customers and on revenue: UnitedHealth Group, Anthem, Aetna, Cigna, Humana, Centene, Molina Healthcare, and WellCare Health Plans.
The membership numbers of these insurers ranged from 4.37 million at the low end to 49.5 million at the high end.
As of 2019, the 10 largest health insurance companies in the United States - based on market share - were Anthem, United HealthCare Group, Humana, Health Care Service Corporation (HCSC), CVS Health Corporation, Centene Corporation, WellCare, MCNA Insurance Company, Kaiser Permanente, and Molina Healthcare Inc.
Between 2019 and 2024, the United States health insurance market is anticipated to grow at a CAGR of 8.1 percent.
"The leading 125 insurers in the United States accounted for about $713 billion, of which more than 60 percent came from top 25 health insurers."
As of 2018, 36.7 percent of the United States population had public health insurance.
A further 3.6 percent of the population was insured through military healthcare.