Becker's Healthcare December 12, 2023
The American Medical Association has identified the insurance industry giants with the largest shares of the commercial health insurance, Medicare Advantage and public health exchange markets in 2023.
The report examined 381 metropolitan statistical areas, the 50 states and the District of Columbia and tabulated market shares for the two largest health insurance companies, according to a Dec. 12 release sent to Becker’s.
Here are five things to know about the Medicare Advantage market, per the AMA:
1. At the national level, the 10 largest Medicare Advantage providers by market share were:
1. UnitedHealth Group (28%)
2. Humana (18%)
3. CVS (Aetna) (11%)
4. Kaiser Permanente (6%)
5. Elevance Health (6%)
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