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Essay / Research Paper Abstract
A 4 page paper discussing the stresses faced by health insurers in general and CIGNA Healthcare specifically. Conditions in today’s health care market place increasing pressures on everyone involved, including insurers. CIGNA has experienced these negative effects as well, as evidenced by declining profits and a 65 percent decline in its stock price. The purpose here is to assess the extent of current trends’ effect on CIGNA’s business and to recommend beneficial changes to organizational structure. Includes two organizational charts, one current and one proposed. Bibliography lists 6 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KShlthInsCIG.rtf
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Unformatted sample text from the term paper:
members of the health care industry have been striving for years to reduce the rate at which health care costs continue to spiral. The introduction of the health maintenance
organization (HMO) in its present-day form in the 1970s did have a positive effect, but there is increasing evidence that the HMO structure may have outlived its usefulness.
Conditions in todays health care market place increasing pressures on everyone involved, including insurers. CIGNA has experienced these negative effects as well, as evidenced
by declining profits and a 65 percent decline in its stock price. The purpose here is to assess the extent of current trends effect on CIGNAs business. Realities of
Business As health care costs continue to rise, those paying for health care continue to experience increasing pressures on current structures. Employer-paid
health insurance premiums are a thing of the past, and increasing numbers of employers are dropping employee health care insurance altogether in the face of rising premium prices.
Todays CIGNA organization came into being in 1981, but the foundation companies comprising it date back to 1792 (Company History, 2004). Its structure and
focus - excluding individual to provide only group health insurance - were workable and profitable for many years, but the changes with which the company has been dealing in the
new century are long term and likely systemic. It is unlikely that we will ever be able to return to conditions as they existed only a decade ago.
The current business environment is one in which competition continues to grow, even beyond the point that even the most visionary anticipated that it
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