Healthcare Insurance The Genesis Of Aetna - 1501 Words

Aetna Health Insurance The Genesis of Aetna I have worked for Costco Wholesale for awhile in addition to being a student at Loma Linda University and Costco is partnered with Aetna to provide it’s employees with health insurance. I realized I know virtually nothing about this company, so I thought it might be a good idea to select this company for my research paper. Today Aetna is a managed health care company, which is a seller of traditional and consumer directed health care insurance plans and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans. However this was not always so and it is interesting to take a look at the start and development of Aetna; what it was and how it transformed slowly over time into what it has become. Conclusion: We can all learn a lesson from this company on how to grow from something small into multifaceted multibilion dollar company. Even the name of Aetna has an interesting origin. In it’s genesis in the early 1800’s, it started out as a fire insurance company in Hartford, Connecticut. At that time Europe’s most active volcano was named Mount Etna, and Aetna wanted to make a play on words with that for their fire insurance company. Henry Leavit Elsworth was it’s most prominent president during this first phase, taking office in 1819. From Fire To Life and Beyond: The Evolution of Aetna Aetna remained small until 1850 when it expanded into Life insurance and made it anShow MoreRelatedThe Importance Of A Physician For A Hospital And Working For Or Starting A Private Practice2419 Words   |  10 Pagesdemand combine to create either an ideal, neutral or even hostile environment. The medical field especially as it is an ever-changing industry due primarily to innovation in technology, enactment of healthcare laws, research and development in the pharmaceutical industry and jockeying of payers in the insurance industry. For this reason instead of evolving every ten or twenty years, it can easily change within six months depending on the economy or political atmosphere or changes in legislations. The requirementsRead MoreOrganizational Analysis1921 Words   |  8 PagesUnited Healthcare in the provision of quality health care. Our focus is on its environmental analysis with the aim of isolating the genesis of the problems related to poor ergonomics. An overview of the company United Healthcare is a division of the largest single health carrier in the US called UnitedHealth Group. The company is recognized as a leader in the â€Å"well-being† and health industry (UHC,2011a) and its strives to improve the level of effectiveness as well as quality of the healthcare toRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagestake equity positions in other firms to further their strategic interests. Still other firms take equity positions in firms they view as under valued by the market. And finally, investing in risky securities is part of doing business for banks, insurance companies and other financial service companies. To make a higher return Near-cash investments such as treasury bills and commercial paper are liquid and have little or no risk, but they also earn low returns. When firms have substantial amounts