Despite growing support for Medicare for All that could jeopardize their future, America's major health insurers are riding pretty high. According to a recent analysis from Modern Health care, the nation's seven largest publicly traded health insurers saw revenues of $913 billion in 2019.

While a single-payer system would upend the current business model for health insurers, expansion of current Medicare Advantage and Medicaid plans, combined with increased M&A activity, contributed to a 66 percent increase in profits in 2019.

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Emily Payne

Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.