Visual Capitalist December 17, 2024
Over the past decade, the American health insurance industry has seen a wave of consolidation, contributing to higher premiums and increased market concentration.
Today, four of the top 20 companies in the Fortune 500 are health insurers, with combined revenues of nearly $1.1 trillion in 2023. Going further, the collective revenues of the nation’s six largest for-profit health insurers accounted for almost 30% of U.S. health spending last year. By comparison, they made up under 10% of the total in 2011.
This graphic shows America’s biggest health insurance companies by market share, based on data from the American Medical Association.
The Top 10 Biggest Health Insurance Companies in 2023
Here are the largest U.S. health insurers based on their share...
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