cigna global health benefits

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cigna global health benefits - Cigna is an American worldwide health services making. Its guarantee affiliates are major providers of medical, dental, disorder, life and accident guarantee and related products and services, the majority of which are offered through employers and other groups( e.g. governmental and non-governmental organizations, trade unions and associations ). Cigna also offers Medicare and Medicaid produces and health, life and accident insurance coverages primarily to types in the U.S. and selected international markets. In addition to its ongoing operations described above, Cigna also has certain run-off actions, including a Run-off Reinsurance segment .[ 2] In the Phoenix, Arizona, metropolitan area, Cigna passes a full-service staff-model HMO( health maintenance making) with satellite clinics in the whole region, known as the Cigna Medical Group

Cigna Global Health Benefits likewise operates under the Cigna corporation. Their tag line is' Together, all the way


Cigna was formed by the 1982 consolidation of the Connecticut General Life Insurance Company( CG) and INA Corporation( the parent firm of Insurance Company of North America, the first stock insurance company in America ).[ 5] Insurance Company of North America was formed in 1792 and is therefore a corporate predecessor of Cigna. The CG was created in 1865 by a special act of the Governor of Connecticut. In October 1871, the largest Chicago Fire burned for two days, destroyed 2,000 acres and left 100,000 parties in Illinois homeless. INA paid $650,000, one of simply 51 insurance companies( out of a total of 202) to remunerate allegations in full .[ 6]

Before selling its domestic and international dimension and casualty business to the Bermuda-based ACE Insurance company in the late 1990 s, Cigna was among the companies with a large international structure comparable to those of AIG, Allianz, and Zurich. The approach behind the sale was to concentrate on core business. ACE- at that time a key player at the Bermuda and Lloyds insurance market- on the other side was engaged on expanding the international network in the traditional guarantee grocery .[ 7]

Cigna sold the majority of its life insurance actions to Lincoln National Corporation in 1997. [8 ][ 9] Cigna now operates in 30 countries, has approximately 35,800 employees and administers around US $53.734 billion in assets .[ 2]

In 2002, it was alleged in contravention of the Certificate Exchange Act for earnings manipulation. Its common stock premium plummeted significantly as a result .[ 10] In October 2011, Cigna agreed to buy HealthSpring Inc. for $3.8 billion to jump-start its business selling Medicare plans from 46,000 Medicare Advantage members to nearly 400,000 Medicare Advantage members .[ 11] The payment would come from an issue of new equity to handle about 20 percent of the appreciate, with the rest funded by added money and obligation .[ 12 ][ 13]

In June 2015, U.S. state insurer Anthem Inc. announced an offer to acquire Cigna for more than $47 billion in money and stock .[ 14] Anthem supported it had reached a distribute to buy Cigna on July 24, 2015.[ 1] On July 21, 2016, the US Justice Department filed an antitrust suit to block the proposed consolidation ,[ 15] and a District Court ruling on February 8, 2017 blocked the consolidation on anticompetitive sand .[ 16] That month, Cigna Corp. called off its $48 billion consolidation arrangements with Anthem Inc ., with Anthem territory it would" continue to enforce its rights under the consolidation agreement and remains committed to concluding the transaction


In December 2007, Cigna was criticized after the company refused to pay for a liver displace of a California teenage girl, Nataline Sarkisyan, justifying their refusal to pay by claiming that the procedure was experimental, even though there was a liver ready and waiting to be implanted and doctors approximated she had a 65% possibility of existing at the least six months .[ 19] In response to much rally and public scrutiny, Cigna reversed its decision, though Ms. Sarkisyan died awaiting the displace .[ 20] Cigna notes that it had no fiscal stake in the decision to authorize the displace because it merely administers the insurance design of Mr. Sarkisyan's employer and has not been able to bear the cost of any activity. However, Cigna offered to pay for the displace itself when it did the exception to the policy .[ 21]

Even though liver displaces have been played since 1963 and are a well accepted medicine alternative for end-stage liver disease and acute liver lack, Cigna attacked its actions by claiming that there was insufficient data been demonstrated that a transplant for a patient in Sarkisyan's condition would be safe and effective .[ 21] The California court agreed with Cigna's position that the Sarkisyans' allegations viewing Cigna's decision-making were preempted by federal ERISA law. On April 16, 2009, the United States District Court for the Central District of California rejected all of the claims against Cigna related to the coverage determination .[ 22]

In 2011, the CNA determined that Cigna denies roughly 39.6% of all allegations( compared to adversaries such as Aetna who revoked about 5.9% of all allegations in the same time frame ).[ 23]

In August 2012, Cigna fought and lost their justification in court that ABA therapy for autistic youths is "experimental". The courtrooms judged the regiman is a known medicine for autistic youths, and Cigna's assertions "havent had" deserve. As of 2011, Cigna was pushing to have the present decision reversed .[ 24]

Accounting and investor relations

On February 9, 2005, CIGNA elected to adopt in the fourth quarter of 2004 fair value record for its stock alternatives in accordance with SFAS No. 123 and to restate prior periods .[ 25]

Public relations and lobbying

The UK newspaper Guardian in their Esc and Ctrl videoblog about see of the Internet by organizations, documented an accident with Nataline Sarkisyan and the onetime vice president of Cigna talking about astroturfing, the practice of creating phony blogs by interested groups, e.g. health insurance companies, to push claims that are rewarding for announced company into media, e.g. dismissing universal health care .[ 26]

Cigna expended more than $4.4 million from 2005 to 2009 on lobbying to attain legislation that the company praises. This includes $ 720,000 were used in 2009 alone, when it had 20 lobbyists at five firms working on their behalf .[ 27]

In 2008, the heads of state of Cigna's public relations, Wendell Potter, resigned, becoming a whistleblower who committed testament in 2009 to the U.S. Senate Committee on Commerce, Science and Transportation in favor of the process of reforming the health care industry .[ 28]


Cigna received golden in the 2009 Gartner& 1to1 Customer Experience Excellence Award. The bestows are given to the companies that" most clearly demonstrate admirable customer affair approach and an unrivaled tier of greatnes in delivering the customer know-how ".[ 29]

Cigna also recently[ when ?] received the JD Power award for customer services for all of its call centers for the fourth time in a row. According to the company, JD power ensures" Cigna HealthCare's call center actions successfully delivered a detailed scrutiny of its recruiting, civilize, work motivations, quality assurance abilities, and management roles and responsibilities ."[ 30]

In 2008, the Cigna Foundation contributed $2,533, 535 to charitable activities that promote wellness .[ 31] Since 1995, Cigna and its employees have contributed $22.3 million to the March of Dimes .[ 31]

In July 2010, Cigna inaugurated making each company employee eight hours of paid time off yearly to volunteer with non-profit state and community service organizations .[ 32] The Salvation Army of Greater Philadelphia helped kick off the program in front of Cigna's Philadelphia headquarters with the Christmas in July campaign .[ 33]

Strategic alliances

On April 16, 2010, Cigna announced us-led coalition forces with Humana group to offer a streamlined Medicare Advantage give through bos consumers for retirees .[ 34]

Cigna and TTK Group, an Indian business corporation focused on healthcare have formed a seam go called Cigna TTK to build out a health insurance business in India