Aetna

Aetna, Inc. /ˈɛtnə/is an American oversaw medicinal services organization, which offers conventional and purchaser coordinated social insurance protection arranges and related administrations, for example, therapeutic, pharmaceutical, dental, behavioral wellbeing, long haul consideration, and handicap arranges. Aetna is an individual from the Fortune 100. 

Substance  

1 Members 

2 Lobbying and battle commitments 

3 Quality of consideration 

4 Current authority 

5 Operations 

6 History 

6.1 Timeline 

7 Fines, claims and settlements 

7.1 1999 

7.2 2000 

7.3 2001 

7.4 2002 

7.5 2003 

7.6 2007 

7.7 2009 

7.8 2010 

8 Life protection approaches on slaves 

9 See too 

10 References 

11 External connections 

Members.

Aetna offers human services, dental, drug store, bunch life, inability, and long haul care protection and representative advantages, basically through boss paid (completely or halfway) protection and advantage programs, and through Medicare. Participation numbers: (as of June 30, 2013)

22 million—therapeutic individuals 

14.3 million—dental individuals 

13.8 million—drug store individuals 

13.609 million—bunch protection individuals 

1,000,000+ — social insurance experts 

597,000+ — essential consideration specialists and masters 

5,300+ — healing facilities 

Campaigning and crusade contributions

Aetna has spent more than $2.0 million in 2009 on lobbying. The organization burned through $809,793 between January 2009 and the end of Walk 2009—up 41 percent from the same period in 2008. Aetna's crusade commitments incorporate more than $110,000 to US Representative Joe Lieberman (ID-CT) in 2009.[5] From 2005 through 2009, Aetna contributed $56,250 to Congressperson Max Baucus (D-MT), director of the Senate Account Panel, making Aetna the representative's seventh most astounding supporter over that time period.

Nature of care

In the California Medicinal services Quality Report Card 2011 Version, Aetna got 2 out of 4 stars in Meeting National Measures of Consideration and 1 out of 4 in Individuals Rate Their HMO. In the California Social insurance Quality Report Card 2010 Edition, Aetna got 3 out of 4 stars in both Meeting National Guidelines of Consideration and How Individuals Rate Their HMO, for a rating of "Good" (out of "Poor, " "Reasonable, " "Great, " or "Excellent").

Current leadership.

Mark Bertolini got to be President of Aetna on November 29, 2010, and executive on April 8, 2011.

Karen S. Lynch (Rohan) is the President of Aetna. 

Steven B. Kelmar is Official VP of Corporate Undertakings and Head of Staff to the Chief and Executive, Mark Bertolini. 

William J. Casazza is Official VP and General Insight. 

Richard di Benedetto is Official VP accountable for Aetna Worldwide. 

Deanna Fidleris Official VP accountable for HR. 

Shawn M. Guertin is Official VP, CFO and Boss Endeavor Hazard Officer. 

Dijuana Lewis is Official VP accountable for Purchaser Items and Endeavor Promoting. 

Meg McCarthy is Official VP of Operations and Innovation. 

Harold L. Paz, M.D.,M.S. is Official VP and Boss Therapeutic Officer. 

Fran S. Soistman is Official VP responsible for Taxpayer supported organizations 

Joseph M. Zubretsky is Senior Official VP responsible for Healthagen.

Operations.

In 2005, the organization had $1.1 billion in profit. Aetna's 2007 income, reported in 2008, was $27.6 billion. Aetna's 2008 income, reported in 2009, was $31 billion. Aetna's 2012 income, reported in 2013, was $35.54 billion.

History[edit] 

Aetna is the immediate relative of Aetna (Flame) Insurance agency, of Hartford, Connecticut.The name was intended to conjure Mount Etna, at the time Europe's most dynamic volcano.

Timeline.

1810s

1819 Henry Leavitt Ellsworth, Yale graduate and lawyer, turns out to be second president of Aetna (Flame) Insurance agency, succeeding Thomas Kimberly Prop. Ellsworth, who later turned into the main U. S. Patent Chief, served as Aetna's leader for a long time until 1821, when he surrendered, yet Ellsworth proceeded as an executive for an additional 16 years. Ellsworth's sibling, William Wolcott Ellsworth, served as a chief, and the organization's first Broad Counsel.

1850s

The Aetna working in Hartford 

1850 Aetna started operation of an Annuity Asset to offer extra security, picking Hartford, Connecticut judge Eliphalet Adams Bulkeley, who was a general advice to the organization and on its governing body, to head it. At the time, some congregation pioneers and others trusted life coverage was sinful.

1853 The Annuity division isolated from Aetna Protection to be consolidated as the Aetna Disaster protection Organization, with Eliphalet Bulkeley as president.

1854 Aetna procured its first full-time representative, Thomas O. Enders, later to wind up organization president.

1857 Aetna moved to new workplaces on Hungerford and Cone Roads in Hartford. The Frenzy of 1857 struck Hartford and the country, bringing about the end of everything except one bank and numerous different organizations. Eliphalet Bulkeley hindered a move to sell the organization amid the financial downturn.

The Aetna Insurance agency issued extra security strategies on an undetermined number of African-American slaves, naming their proprietors as beneficiaries.

1860s

1861 Aetna started offering taking an interest extra security strategies which paid profits to policyholders pretty much as the shared life coverage arrangements did. Aetna propelled its new item with a limited time exertion including higher commissions for its operators while most organizations were reducing because of the episode of the American Common War and the resulting loss of premium installments from Southern policyholders. Notwithstanding, the loss of life of the war combined with the blasting wartime economy brought on a development of the life coverage business to match Aetna's expansion.

1865 By 1864 Aetna had expanded its volume of business by 600% more than 1861 and its yearly premium salary ninefold, surpassing one million dollars. Thus, Aetna had the budgetary strength and assets it expected to meet the stringent administrative necessities set on extra security organizations in Massachusetts and New York; by 1865 the organization was approved to start requesting business in these states.

1867 Organization wage ascended from $78,000 in 1861 to $5,129,000 by 1867. Aetna moved to its third home office at 670 Principle Road, Hartford. By 1924, Aetna had 94 million dollars, 43% of its advantages, put resources into ranch mortgages.

1868 Aetna adjusted its business works on, enlisting its first statistician and forsaking the half-note premium framework for an all-money premium arrangement. 

1870s

1872 Eliphalet A. Bulkeley kicked the bucket and Thomas O. Enders got to be president.

1878 Aetna expanded its capitalization from $150,000 to $750,000.

1879 Enders' coming up short wellbeing constrained him to leave and Eliphalet Bulkeley's child Morgan G. Bulkeley supplanted him.

1880s

1888 Aetna exceeded its old workplaces on 670 Fundamental Road in Hartford and acquired its fourth home office, nearby at 650 Principle Road; the primary building Aetna really claimed, and Aetna's home office for the following 42 years. 

1890s

1891 Aetna issued its first mischance strategy, acquired by Morgan Bulkeley himself.

1892 Aetna held its first broad specialists gathering in Chicago.

1899 Aetna got to be one of the primary openly held insurance agencies to enter the medical coverage field.

1900s

1902 Aetna made a Mishap and Obligation division to offer bosses' risk and laborers' aggregate protection, in response to the becoming stronger of the Dynamic social change development. This would turn into the foundation of the Aetna Mischance and Risk Company.

1903 A Building and Assessment Division was made to enhance working environment safety.

1904 Aetna presented its first corporate seal, passing on Aetna's status as the biggest life back up plan on the planet composing mishap, wellbeing and risk scope; the logo depicted the organization's home office blasting out from inside of a globe, with extensive square typeface illuminating Aetna's ranking.

1907 Aetna made a loss backup to handle things, for example, vehicles property scope; Aetna soon started forcefully venturing into related lines, for example, impact and harm. This business formed into the Aetna Setback and Surety Company.

1908 Aetna procured its first home office female representative (Julia Kinghorn, phone switchboard administrator), the first of what has turned out to be more than 66% of Aetna's employees.

1910s