Morgan Haefner | October 16, 2017
Fifty-six percent of Americans are insured through a private payer, according to America’s Health Insurance Plans’ new report.
The resource, titled “Health Coverage: State-to-State 2017,” compiles data from several sources, including the National Association of Insurance Commissioners, CMS and the Kaiser Family Foundation.
Here are four things to know about the national health insurance industry.
1. The percentage of covered Americans is as follows:
Private insurance — 56 percent
Medicaid — 20 percent
Medicare —14 percent
Uninsured — 9 percent
Other — 2 percent
2. The number of lives covered by different types of plans is as follows:
Medicaid — 49.4 million
Large group — 43 million
Medicare Advantage — 17.3 million
Small group — 16.7 million
Individual — 16.6 million
High-deductible health plan/health savings account — 14.3 million
Medigap — 12.2 million
3. The largest health plans by number of covered lives are as follows:
Commercial: Aetna, Anthem, Cigna, Health Care Service Corp. and UnitedHealthcare
Medigap: American Continental, BlueCross and BlueShield of Michigan, HCSC, Mutual of Omaha and UnitedHealthcare
Medicare Advantage: Aetna, Anthem, Humana, Kaiser Permanente and UnitedHealthcare
Medicaid: Anthem, Centene, Molina Healthcare, UnitedHealthcare and WellCare
4. State premium tax collected from health insurers in 2017 totaled $20.5 billion.
Source: Beckers