Swot Analysis Of Aflac

According to Chaffee, Mason, and Leavitt (2007) this act provides coverage for up to 32 million of the 45 million uninsured by 2010. It prevents insurance companies from denying coverage to those with pre- existing conditions and also inhibits these companies from removing coverage from people who develop serious illness (Open Congress, 2009). Moreover, it blocks insurance groups from applying annual and lifetime caps on coverage (Chaffee, Mason & Leavitt, 2007).

The Affordable Care Act (ACA), expands the access to health insurance coverage primarily for those who fall through the cracks of the private and public

The effect of the Affordable Care Act has created a positive influx on the major insurance carriers. According to the New York Times it has made insurers the “most direct beneficiaries of the law.” (investor pedia) Since 2013 these insurance companies have been some of the more profitable stars of Wall Street (Forbes.com). Aetna Inc., Anthem INC., Cigna, Humana Inc., and United Health Inc., the five biggest health insurers in America, have outperformed the S&P 500 Index over the last five years (invesotrpedia). One of the major reasons this is proved to be true is exchange premiums for the young and the healthy are much higher with Obamacare than ever before. As stated above The Affordable Care Act mandates that each individual must be insured

The Affordable Care Act was created to assure all Americans have access to affordable insurance, but as stated by Sir Isaac Newton for every action there’s an equal and opposite reaction. As more and more people become insured in this country, the for-profit insurance companies are reaping the benefits from the legislation of the Affordable Care Act.

Affordable care act is a law reform for healthcare. It is also known as Obamacare. The goal of this reform was to give access healthcare to uninsured and the people who can’t afford health insurance. There are benefits for the program more people have health insurance and it is affordable. People who are uninsured now have access to health insurance (Kinzer, 2017). The program is teaming up with Medicaid. Medicaid has expanded to help 15 million people that fall under the poverty rate and there is no lifeline on healthcare (Media solutions, 2016).

The Affordable Care Act (ACA), a type of health/medical insurance, was written into law in 2010. The ACA provides care, like any other insurance to more people in the U.S. by way of subsidy.

The Affordable Care Act (ACA), also known as Obamacare, was signed into law in 2010. The goal of the ACA is to provide affordable health insurance coverage for all Americans. The ACA was also designed to protect Americans from insurance company schemes that may increase patient costs or restrict care. Millions of Americans have benefitted by receiving insurance coverage through the ACA, especially those who are unemployed or have low-income jobs. Some could not afford insurance because they could not work due to a disability or family obligations. Others could not get health insurance because of pre-existing medical conditions. “More than 45 million Americans are uninsured, and as a result, they experience increased morbidity and mortality”

Insurance companies are a business with the ultimate to goal to make more than they spend.

Wells Fargo is an American multinational diversified financial services company. The company operates throughout the world. It is one of the largest banks in the US in the state of assets. Moreover, Wells Fargo is the largest market capitalization bank in the US. It takes the second category in the field of deposits, delivery of home mortgage services, and delivery of credit cards. The company has its headquarters in Francisco, California. The company has coverage of more than twenty-four states in the US. In every state, it has established its headquarters that act as distribution and storage regions for the company's products and services. The company offers insurance, banking, mortgage, and consumer financing through the sale and distribution of its networks across the US. The advantages of Wells Fargo Company are widely distributed: they have helped it realize a stable market in the United States and around the globe.

Blue Cross and Blue Shield of Illinois (BCBS) is considered the largest and most experienced insurance company in Illinois. BCBS was founded in order to provide healthcare to teachers at a reasonable cost. It services over 7 million people. Its mission is “To promote the health and wellness of members and communities through accessible, cost-effective, quality health care” (Blue Cross Blue Shield, 2012). Blue Cross Blue Shield provides its customers with affordable health care. The parent company is Blue Cross Blue Shield Association its signature tag is “Creating Healthier Communities,” BCBS does not have any investors and the customers are considered the investors of the company and essentially who BCBS answers to. This is an important factor because they do not have to keep investors interest in the forefront of decision making, but rather they have the interest of their client in mind. (Blue Cross Blue Shield, 2012) In 2013 the Chicago based company reported profits of 684.3 million dollars. The company employees over 17,000 people. “Blue Shield of Illinois fell well below the $1 billion mark for the first time since 2009, in part because the insurance giant is setting aside money to offset expected losses from the troubled rollout of Obamacare” (Wang, 2014). Despite this setback it continues to expand over various parts of the United States. BCBS

Aflac has grown not only in the United States but also in Japan, as well. Aflac was sprouted from the idea of three brothers who believed people needed protection when a medical problem arose (“Aflac Supplemental Insurance”, 2015). Their core value was always held to high standards and that was to “put the policyholders first (“Aflac Supplemental Insurance”, 2015).” Aflac also strives themselves to be comprised of a diverse group of individuals. This idea buds the notion that each individual person brings different strengths to the table and for this reason is why Aflac has been so successful over the decades.

Being one of the top insurance companies of the United States of America, Assurant Health has been serving its members since 1892. The company initially started to assist members in disability insurance under the name LaCrosse Mutual Aid Association in LaCrosse, now has their headquarters in New York. Assurant Health offers insurance plans in medical, supplemental, and fixed benefits to assist members, groups, families, and employers. They are the brand name for cost effective health insurance policies which was issued by Time Insurance Company. Whether you are looking for a solution to your pre-existing conditions, medical, dental, preventive, supplemental,

For my paper, I chose to analyze the insurance company, America Financial Group, Inc. What first impressed me about the company on http://www.missionstatements.com, was their clear, concise and well-written mission statement. According to p.77 in the book Principles of Management, a well-written mission statement clearly answers two questions “who we are and what do we do” (Carpenter, & Taylor & Erdogan, 2009). And in my opinion, America Financial Group, Inc.’s mission statement is especially successful because it clearly identifies the purpose of their company addressing all the stakeholders involved:

I choose Morgan Stanley for this Mission statement assign, and the answer of “Did I found mission statement on their web site” is no, as the statement shows on http://www.missionstatements.com/investment_services_management_mission_statements.html as “Morgan Stanley's mission is to provide our clients with the finest financial thinking, products and execution. This means setting the highest standards for behaviors that embody our business principles.” But I found their web site as "At Morgan Stanley, diversity is an opportunity – for clients, employees and Firm. By valuing diverse perspectives, we can better serve our clients while we help employees achieve their professional objectives. A corporate culture that is open and inclusive is fundamental

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.