Many health insurers have begun to develop their international business as the future remains uncertain profitability of the US and it seems more attractive in other countries. CIGNA health insurance company will be expanding its international links by offering individual policies in Spain next month.
According to The Wall Street Journal , individual health insurance policy is supposed one of the first in the international market to be offered by a US insurer. Many European countries pay for the residents of health care, which results in long waits or other negative impacts. And CIGNA believes that individuals who are unhappy with their current health care system will turn to insurers to provide better care.
Bill Atwell, CIGNA "the president of international products, said." The reality is that these foreign markets are growing at double digits and making them attractive "
CIGNA sells Plans in 27 countries and has expanded its overseas network of suppliers by 55 percent within 18 months.
UnitedHealth and Aetna have also been growing their international business markets. UnitedHealth Group handles the management of illness programs for Britain "National Health Service s. Health insurance Aetna bought a company in 07 to offer individual policies for expatriates and contracts worldwide with 61,000 health care providers .
There are European insurers that offer complementary plans for health care policies of the government. But CIGNA believes he can compete and also offer supplemental plans and individual policies.
More companies may follow depending on how the reform of health care changes bottom line insurers in the coming years.
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