Texas Health Plans and the Economy
Investing in Texas
In addition to playing an integral role in keeping Texas healthy, the Texas insurance industry yields positive results for the economy, creating jobs and generating economic revenue.
Working for Texas, insurance companies:
- Provide health coverage to more than 17 million Texans
- Employ more than 250,000 Texans
- Contribute more than $3.5 billion in fees and taxes for Texas
- Generated more than $4 billion in taxpayer savings through better management of the Texas Medicaid program
Economic Impact Resources:
Texas Medicaid Managed Care: Saving Dollars, Saving Lives
A fact sheet highlighting the successes and outcomes of Medicaid managed care in Texas.
Texas is a national leader in the use of managed care to increase access to care, manage costs, and improve health care quality in its Medicaid program. The managed care private-market approach drives innovation through flexibility and competition, reduces health care costs, and holds managed care organizations (MCOs) accountable for providing access to quality care.
Doing Our Part: The Insurance Industry’s Impact on the Texas Economy
Study on the economic impact of the insurance industry in Texas.
About 80 percent of Texans had some form of health coverage in 2013. The majority of those, 13.3 million people, are covered by plans self-funded by employers and administered by insurance companies or other third-party administrators. More than 4.1 million Texans have private health insurance with licensed insurance companies that bear the risk of loss and are regulated by the Texas Department of Insurance.
Texas Insurance Companies’ Impact on Texas
An infographic on the insurance industry’s impact on the Texas economy.
This infographic illustrates how Texas insurance companies not only protect families, property and businesses, but they also pay taxes, invest in the state, and employ Texans.