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Paid tax rate of healthcare plan providers varies greatly

This a 2022 report. It is the most current tax report for US healthcare plan providers available on Spendwell.

rankings

MORE INFO
Corporations paying a greater share of their income in taxes rank higher.
better choice

Centene

taxes
economic impact
Over the last 5 years, Centene paid a combined income tax rate of about 37.49%. This rate is greater than the averaged US federal statutory corporate tax rate over the same period.

1/10

CVS

taxes
economic impact
Over the last 5 years, CVS paid a combined income tax rate of about 30.17%. This rate is greater than the averaged US federal statutory corporate tax rate over the same period.

2/10

Molina Healthcare

taxes
economic impact
Over the last 5 years, Molina Healthcare paid a combined income tax rate of about 29.82%. This rate is greater than the averaged US federal statutory corporate tax rate over the same period.

3/10

Humana

taxes
economic impact
Over the last 5 years, Humana paid a combined income tax rate of about 28.41%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

4/10

Anthem

taxes
economic impact
Over the last 5 years, Anthem paid a combined income tax rate of about 26.74%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

5/10

UnitedHealth

taxes
economic impact
Over the last 5 years, UnitedHealth paid a combined income tax rate of about 25.40%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

6/10

Cigna

taxes
economic impact
Over the last 5 years, Cigna paid a combined income tax rate of about 18.96%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

7/10

Kaiser Permanente

taxes
economic impact
Kaiser Permanente does not have publicly available and independently verifiable tax data needed for this tax ranking.

10/10(tied)

HCSC

taxes
economic impact
HCSC does not have publicly available and independently verifiable tax data needed for this tax ranking.

10/10(tied)

GuideWell

taxes
economic impact
GuideWell does not have publicly available and independently verifiable tax data needed for this tax ranking.

10/10(tied)

worse choice

report summary

Centene’s 5-year total paid income tax rate is almost double that of Cigna’s 18% rate. The average total income tax rate (including federal, state, local and foreign income tax) paid by the US’s largest health insurers with reported payments was just over 28%, about 2% more than what they were statutorily obligated to pay in federal taxes alone.

about this industry

[beta*]

Tax Methodology

In the United States, publicly traded corporations are required to report their annual income tax payments to the Securities and Exchange Commission (SEC). Annual income figures are also reported by publicly traded companies to the SEC. These SEC-reported tax and income figures, when combined, represent publicly accessible, directly measurable and independently verified data points for inclusion in a Spendwell ranking. This data is typically reported at a corporation’s fiscal year end. This Spendwell ranking is predicated on the values-based statement that a corporation should pay its fair share in taxes.

Corporations that pay a higher percentage of their annual income in taxes rank higher than those paying a lower percentage. In order to account for fluctuations in tax payments such as one-time tax holidays and other variances, Spendwell reports on the last 5 available years of a corporation’s tax history.

In some reporting instances, Spendwell’s rankings will include private corporations with no current tax information publicly available. These corporations might be included in a report, but will be listed as not ranked unless they have voluntarily published their tax information and Spendwell has been made aware of its publication. All ranked corporations are ranked based on the previously mentioned data reported to the SEC through end-of-year or annual reports, which can be accessed through the SEC’s Edgar search tool here:

SEC EDGAR SEARCH

Search for a company by name to view its filed 10-k reports.

[All methodologies are in beta. They can and many will be revised before final release and updates will be likely for many even after final release.]
[beta*]

Tax Methodology

In the United States, publicly traded corporations are required to report their annual income tax payments to the Securities and Exchange Commission (SEC). Annual income figures are also reported by publicly traded companies to the SEC. These SEC-reported tax and income figures, when combined, represent publicly accessible, directly measurable and independently verified data points for inclusion in a Spendwell ranking. This data is typically reported at a corporation’s fiscal year end. This Spendwell ranking is predicated on the values-based statement that a corporation should pay its fair share in taxes.

Corporations that pay a higher percentage of their annual income in taxes rank higher than those paying a lower percentage. In order to account for fluctuations in tax payments such as one-time tax holidays and other variances, Spendwell reports on the last 5 available years of a corporation’s tax history.

In some reporting instances, Spendwell’s rankings will include private corporations with no current tax information publicly available. These corporations might be included in a report, but will be listed as not ranked unless they have voluntarily published their tax information and Spendwell has been made aware of its publication. All ranked corporations are ranked based on the previously mentioned data reported to the SEC through end-of-year or annual reports, which can be accessed through the SEC’s Edgar search tool here:

SEC EDGAR SEARCH

Search for a company by name to view its filed 10-k reports.

[*All methodologies are in beta. They can and many will be revised before final release and updates will be likely for many even after final release.]

Ranking



rankings

MORE INFO
Corporations paying a greater share of their income in taxes rank higher.
better choice

Centene

taxes
economic impact
Over the last 5 years, Centene paid a combined income tax rate of about 37.49%. This rate is greater than the averaged US federal statutory corporate tax rate over the same period.

1/10

CVS

taxes
economic impact
Over the last 5 years, CVS paid a combined income tax rate of about 30.17%. This rate is greater than the averaged US federal statutory corporate tax rate over the same period.

2/10

Molina Healthcare

taxes
economic impact
Over the last 5 years, Molina Healthcare paid a combined income tax rate of about 29.82%. This rate is greater than the averaged US federal statutory corporate tax rate over the same period.

3/10

Humana

taxes
economic impact
Over the last 5 years, Humana paid a combined income tax rate of about 28.41%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

4/10

Anthem

taxes
economic impact
Over the last 5 years, Anthem paid a combined income tax rate of about 26.74%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

5/10

UnitedHealth

taxes
economic impact
Over the last 5 years, UnitedHealth paid a combined income tax rate of about 25.40%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

6/10

Cigna

taxes
economic impact
Over the last 5 years, Cigna paid a combined income tax rate of about 18.96%. This rate is less than the averaged US federal statutory corporate tax rate over the same period.

7/10

Kaiser Permanente

taxes
economic impact
Kaiser Permanente does not have publicly available and independently verifiable tax data needed for this tax ranking.

10/10(tied)

HCSC

taxes
economic impact
HCSC does not have publicly available and independently verifiable tax data needed for this tax ranking.

10/10(tied)

GuideWell

taxes
economic impact
GuideWell does not have publicly available and independently verifiable tax data needed for this tax ranking.

10/10(tied)

worse choice


This report is based on data collected through 2022-05-04.
Report id: 50--2022-08-10T07:45:32.036Z