Aetna Health Insurance Case Study

804 Words 4 Pages
An American Health Insurance Company
The history Aetna, dates back to the 1800’s when the company started operating as Aetna Fire Insurance Company back in 1819. Aetna then organized an annuity fund to sell life insurance in 1853 changing the company’s name to Aetna Life Insurance Company. The company’s first president Elipahlet A. Bulkeley decided to keep the name “Aetna” to take advantage of the good reputation, and the name was inspired by an 11,000-foot volcano on the eastern shores of Sicily, Mt. Etna, which was the most active volcano in Europe (Aetna History).
Throughout time Aetna, continued its efforts to transform the company from a mono-line insurer to a company that offered a variety of coverages to include, farm mortgages, accident
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With this new restructure and focus on specific market segments, Aetna became the largest private health insurer by 1985, selling HMOs and PPO plans nationwide. In 1996, Aetna merged with U.S. Healthcare, beginning a new era, Aetna as a health and financial services company. Aetna is a company that not only sells health insurance, but they also are committed to provide accessible, affordable and quality healthcare services to all their members. Today Aetna, Inc. is a company that provides traditional, voluntary and consumer-directed health insurance products and related services that include, medical, pharmacy, dental, behavioral health, and group life and disability plans. Aetna also offers medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services (Aetna History). Per the company’s website Aetna has been recognized as one of the nation’s largest combined Medicare Advantage, Medicare prescription …show more content…
Today, Aetna is one of the nation’s leading health insurance companies serving an estimated 44 million people with information and resources to help them make better decisions about their healthcare. Aetna’s membership includes, 23.5 million medical members, 14.6 million dental members, and 15.3 million pharmacy benefit management services members. Aetna also has a broad healthcare network of healthcare providers that include, 1.1 million health care professionals, more than 645,200 primary care doctors and specialists, and there are 5,653 hospitals that are participating with Aetna. The company currently has about 50,280 employees, and their Revenue in 2014 was approximately $58 billion. They also offer a range of insurance and employee benefits products, programs and services that help control rising cost without compromising the quality of care, tools and information to help people make better choices about their health and finances. Aetna’s mission to building a healthier world starts with providing quality health plans and benefits, healthier living, financial well-being and intelligent

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