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HealthPartners was founded in 1957 as Group Health, the first HMO, by Mid-America Mutual Insurance Company as an experiment in managed care and lower-cost health care. They established a full-service clinic in their headquarters on Como Avenue, at Highway 280, in St. Paul, near the border of Minneapolis. Its board of directors included one patient.
The company began selling health insurance plans in 2017 and Medicare Advantage plans in 2018, in reaction to the Affordable Healthcare Act. [37] Bright Health works with "narrow networks" of specific doctors and hospitals to suppress the cost of healthcare for those enrolled in their program and facilitate coordination of care.
Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.
Minnesota's largest nonprofit groups once again are all about health care, the Star Tribune found in its annual review. Eight are primarily health systems that run hospitals and clinics. Three are ...
Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States–based federation with 33 independent and locally operated BCBSA companies that provide health insurance to more than 115 million people in the U.S. as of 2022.
Medigap plans, which private insurance companies offer, may help cut Medicare out-of-pocket costs. Standardized plans vary in availability and cost. Learn more.
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