UnitedHealth Group Inc. is the leading health insurance company in the U.S. taking up roughly one-seventh of the market share. Additionally, MetLife is currently the leading health and life insurance company in the United States. The firm garnered profits of some five billion U.S. dollars in 2020.
Medicaid is a health care program for families living on a low income. It is funded by both state and federal governments and managed by individual states. The program was created in 1965 under the Social Security Amendments. Total Medicaid spending in the United States is highest in California and New York, reaching some 98 billion U.S. dollars and 73 billion U.S. dollars, respectively, in fiscal year 2020. There were about 12.8 million Medicaid (and CHIP) enrollees in California and 6.8 million enrollees in New York as of 2021.