UnitedHealth Group is an American multinational health insurance company headquartered in Minnetonka, Minnesota, United States. It sells insurance under the UnitedHealthcare brand and provides health care services and facilities under the Optum brand. UnitedHealth Group was founded 47 years ago, in 1977, by Richard T. Burke. In the present time, it has become the eleventh largest company by revenue. The UnitedHealth Group ranked 10th on the 2023 Fortune Global 500. On August 7, 2023, its market capitalization was $477.4 billion. Furthermore, UnitedHealthcare began its first pharmacy benefit management and provided delivery services through retail pharmacies and direct mail. Moreover, the company was renamed the UnitedHealth Group in 1998 when it acquired different companies and services.
Located in Bloomfield, Connecticut, The Cigna Group is a healthcare and insurance company founded in 1982. Its insurance branches are the main providers of dental, disability,? medical, life, and accident insurance, along with other related products and services, offered through employers and group organizations, like government bodies, unions, and associations. In 2023, Cigna ranked 15th as the United States?s largest company by total revenue in the Fortune 500 and 68th position by the Forbes Global 2000. The company was formed by the Connecticut General Life Insurance Company and INA Corporation. In 1997, Cigna sold most of its life insurance to Lincoln National Corporation.
Elevance Health is a well-known American insurance provider based in Indianapolis, Indiana, United States. Before June 2022, it was known as Anthem Inc. As the name suggests, this company provides health and medical insurance services and covers dental, behavioral health, disability, and long-term health care. The company was founded in 2004 and made its space in the saturated marketplace. Elevance Health is the largest profitable company, and at the end of 2022, it had 46.8 million members who took health plans from its affiliated companies. In terms of revenue, Elevance Health ranked 20 on the 2022 Fortune 500. However, in 2023, it ranked 78 on the Forbes Global 2000.
Humana is a health insurance firm headquartered in Louisville, Kentucky. It was founded on 18 August 1961 by Wendell Cherry. The company was ranked 42nd on the Fortune 500 list by revenue. It?s also the fourth largest health insurance provider in the United States. In 1961, two lawyers, Wendell Cherry and David A. Jones Sr. started a nursing home company called Extendicare Inc., which became the largest company in the U.S. Later, Jones and Cherry sold the company to buy hospitals.
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