4 things to know about the health insurance industry

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. 

More articles on payer issues:
UCare names Mark Traynor permanent CEO: 3 points
Anthem to build 21-story Atlanta tech hub
Anthem lowers premium hikes in California after state inquiry

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