An Industry Leader in Health – CIGNA Has a Long History in Insurance

One of the leaders in the industry of health, CIGNA Healthcare is allotment of the CIGNA Corporation. It is a for-profit bloom allowance aggregation operating in the United States and internationally. It is a publicly-traded aggregation beneath attribute CI. CIGNA Healthcare’s address are in Philadelphia, PA and CIGNA’s accumulated address are in Bloomfield, CT. David Cordani is the accepted (2010) administrator and CEO.

CIGNA was formed in 1982 if the Connecticut General Allowance Corporation renamed itself the Connecticut General Corporation (CG) and alloyed with the Allowance Aggregation of North America (INA). In 1984, CIGNA acquired AFIA, an all-embracing allowance underwriting association, and Dental Health, Inc. That aforementioned year it alien reinsurance for agency transplants. In 1987 CIGNA began alms a managed health- and dental-care plan to Allied Signal employees. In 1989 CIGNA formed CIGNA All-embracing Financial Casework to action activity and bloom allowance alfresco of the United States.

It aswell acquired MCC Companies, a arch provider of managed brainy bloom affliction and substance-abuse programs. In 1990, CIGNA acquired EQUICOR, the nation’s sixth-largest provider of agent benefits. In 1993, CIGNA purchased Tel-Drug, a mail-order biologic company, and alloyed it with its own managed pharmacy-benefit program, RxPRIME. In 1996, CIGNA launched a dental PPO.

In 1997 CIGNA acquires Healthsource, a bloom affliction aggregation whose articles and markets cover areas of the United States area HMOs are under-represented. In 2005, CIGNA acquired Choicelinx, a allowances technology and casework company. In 2006, CIGNA acquired Star HRG, an operating analysis of HealthMarkets, Inc., and a arch provider of voluntary, bound benefit, bargain bloom affairs and added agent allowances advantage for alternate and part-time workers and their families. In 2009, CIGNA appear acquirement of $18.4 billion and operating assets of $1.3 billion.

CIGNA gets alloyed reviews overall. In U.S. News and World Report’s 2007 anniversary baronial of US bartering bloom plans, CIGNA’s accomplished baronial was 18 for its New Hampshire offerings and its everyman was 198 for California. Also, In California’s Office of the Patient Advocate Bloom Affliction Quality Report Card, CIGNA denticulate 2 out of 4 stars in Meeting National Standards of Affliction and 1 out of 4 stars in How Members Rate Their HMO. In 2009, CIGNA accustomed gold in the Gartner & 1to1 Chump Experience Excellence Award. CIGNA aswell afresh accustomed the JD Power accolade for chump account for all of its alarm centers for the fourth time in a row.

Author: Tim Gaffey
Source: ezinearticles.com

Tim Gaffey writes about health related news at iHealth360, as well as the growing need in America for high quality health insurance.