The health insurance industry is the fourth-largest employer in Texas, and the number one employer for the state’s lowest-paid workers, according to a recent report by the Texas Department of Insurance and Medicaid.
The average salary of an insurance company in Texas is about $58,000, according the report.
But those workers make up only 15 percent of the state population, and less than a quarter of the health insurance workers who do work for the health care providers, according a report released Thursday by the nonprofit health insurance group Health Care for America Now.
The report estimates that Texas’ health care industry lost $1.3 billion in 2014, while the economy grew by $1 trillion.
“The Texas health care economy is doing extremely well, but we still have a lot of work to do,” said Health Care For America Now President and CEO, Robert Laszewski, in a statement.
“We know that health care has to be affordable, accessible and accessible to everyone, but there is still a lot more to do.”
The report estimated that health insurance was the third-most popular industry in the state.
The health insurers that make up the largest portion of the industry are: Blue Cross Blue Shield of Texas, the nation’s second-largest, and Cigna, the fourth.
Both have their own insurance companies in Austin.
Cignas was the second-biggest insurer in the Lone Star State last year.
According to the report, the average health insurance premiums for a family of four in Texas in 2016 were $2,000.
The company was the fifth-largest insurance provider in the United States in 2016.
In the report’s findings, Texas Health Insurance said it would invest $3.4 billion over the next three years in expanding its health care network and creating the best-qualified people for jobs.
The state’s other major employer, UnitedHealth Group, was third-largest in 2016 with $1,966 million in annual revenue.
The top five insurers in the industry by revenue were: Cignans, United, Aetna, Blue Cross, and UnitedHealth.
Texas Health is the only state in the country that requires all health insurance policies to cover birth control and preventative services.
Texas has the highest percentage of uninsured people in the nation, according in a 2016 report from the Commonwealth Fund.
Texas is the second most expensive state for insurance to insure individuals with income less than 133 percent of poverty, according an Associated Press analysis.
The AP found that Texas has one of the highest uninsured rates in the U.S., with more than 8.4 million people, according its analysis.
Health insurance is not the only industry that has been struggling this year.
In 2016, the federal government reported that the cost of covering the cost for nearly all Americans in 2018 was $1 Trillion, an increase of $3 trillion from 2016.