Size isn’t everything when you’re shopping for health insurance, but it certainly counts for something. Larger insurers are more likely to have your preferred doctors in their networks, and if you’re away from home and need in-network coverage, chances are better you’ll be able to find it. While a majority of Americans obtain insurance through their employers a large part of Americans receive health coverage through a public health insurance program. Medicare, Medicaid and military health insurance accounts for a majority of the public health coverage. Insidermonkey experts made a list of 10 largest health insurance companies in America.
The largest 125 U.S. health insurers collected some $744 billion in 2013 premiums, the most recent annual data available. The top 25, ranked below by market share, accounted for nearly two-thirds of the total. Data were provided by the National Association of Insurance Commissioners, whose members direct the state agencies that license insurance companies. The main reason is the rising costs of healthcare which has risen much faster than overall wages and inflation. The 10 largest health insurance companies in America have managed to keep growing revenues due to industry consolidation. You might also want to know about 11 biggest insurance companies in the world.
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