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2025: Big Insurance’s $1.7 Trillion Year

In 2025, the seven biggest health insurance conglomerates:

  • Collected almost $1.7 trillion in total revenues, $175 billion more than in 2024;
  • Made more than $54 billion in profits;
  • Covered 10 million fewer people than in 2024;
  • Ramped up their self-dealing by steering more of their health plan enrollees to physician practices, clinics, pharmacy operations and other clinical businesses they now own