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TwitterThe number of medical members in Humana in the United States generally increased between 2008 and 2023, albeit with some fluctuation. Total medical membership numbers increased from approximately **** million in 2008 to approximately **** million as of 2023. Medical membership is an emerging alternative to traditional health insurance, which gives members access to unlimited doctor visits and discounts for medication and lab tests in return for a modest monthly fee. It is seen as more efficient than health insurance, because it covers basic primary health care needs and doesn’t require patients to file insurance claims. Who are Humana? Humana is one of the largest health insurance companies in the United States and is headquartered in Louisville, Kentucky. The company was founded in 1961 and currently operates in the retail, group and specialty, healthcare services, and individual commercial segments. Their revenue has been increasing year-on-year over the past decade. Anthem vs Humana Anthem Inc. has a larger market share in the U.S. health insurance sector than Humana in terms of premiums written. Anthem’s medical membership is more than double that of Humana’s, but Humana’s membership is rising more quickly.
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Other-Long-Term-Liabilities Time Series for Humana Inc. Humana Inc. provides medical and specialty insurance products in the United States. It operates in two segments, Insurance and CenterWell. It offers medical care and supplemental benefit plans to individuals. The company also has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits. In addition, it provides commercial fully-insured medical and specialty health insurance benefits comprising dental, vision, and other supplemental health benefits, as well as administrative services only products to individuals and employer groups; and military services, such as TRICARE T2017 East Region contract. Further, the company engages in the operation of pharmacy benefit manager business; operates pharmacies and senior focused primary care centers; and offers home solutions services, such as home health, hospice, and other services to its health plan members, as well as to third parties. It sells its products through employers and employees, independent brokers and agents, sales representatives, and digital insurance agencies. The company was formerly known as Extendicare Inc. and changed its name to Humana Inc. in April 1974. Humana Inc. was founded in 1961 and is headquartered in Louisville, Kentucky.
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TwitterThe revenue of Humana increased year-on-year from 2008 to 2024, except in 2017 when a slight drop was observed. In 2024, the total revenue generated by Humana reached a value of over *** billion U.S. dollars - a significant increase from the previous year, and the highest revenue recorded during the time period under observation. Background on HumanaHumana Inc. is a health insurance company headquartered in Louisville, Kentucky, which was founded in 1961. Their areas of focus include the retail, group and specialty, healthcare services, and individual commercial segments. The value of their assets increased between 2008 and 2017, but fell slightly in 2018. However, their medical membership experienced a jump in 2018 after remaining steady since 2014. Humana compared with competitorsHumana is one of the largest health insurers in the United States by direct premiums written. Only UnitedHealth Group, Anthem, and Centene wrote a larger volume of premiums in 2021. Anthem’s (now Elevance Health) revenue is also increasing year-on-year, which suggests that the U.S. health insurance sector is profitable and will most likely remain so in the near future.
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| BASE YEAR | 2024 |
| HISTORICAL DATA | 2019 - 2023 |
| REGIONS COVERED | North America, Europe, APAC, South America, MEA |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| MARKET SIZE 2024 | 356.5(USD Billion) |
| MARKET SIZE 2025 | 374.0(USD Billion) |
| MARKET SIZE 2035 | 600.0(USD Billion) |
| SEGMENTS COVERED | Insurance Type, Distribution Channel, Customer Type, Policyholder Education Level, Regional |
| COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
| KEY MARKET DYNAMICS | rising healthcare costs, increasing life expectancy, digital transformation, regulatory changes, growing awareness of health insurance |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Kaiser Permanente, Anthem, MetLife, Samsonite International, Allianz, Aviva, Liverpool Victoria, China Life Insurance, Taiwan Life Insurance, UnitedHealth Group, Cigna, Generali, Sun Life Financial, Aetna, Prudential, Humana |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| KEY MARKET OPPORTUNITIES | Digital health innovations, Increasing aging population, Personalized insurance solutions, Integration with wellness programs, Growth in emerging markets |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.9% (2025 - 2035) |
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TwitterThe number of medical members in Humana in the United States generally increased between 2008 and 2023, albeit with some fluctuation. Total medical membership numbers increased from approximately **** million in 2008 to approximately **** million as of 2023. Medical membership is an emerging alternative to traditional health insurance, which gives members access to unlimited doctor visits and discounts for medication and lab tests in return for a modest monthly fee. It is seen as more efficient than health insurance, because it covers basic primary health care needs and doesn’t require patients to file insurance claims. Who are Humana? Humana is one of the largest health insurance companies in the United States and is headquartered in Louisville, Kentucky. The company was founded in 1961 and currently operates in the retail, group and specialty, healthcare services, and individual commercial segments. Their revenue has been increasing year-on-year over the past decade. Anthem vs Humana Anthem Inc. has a larger market share in the U.S. health insurance sector than Humana in terms of premiums written. Anthem’s medical membership is more than double that of Humana’s, but Humana’s membership is rising more quickly.