August 20, 2012 |
Health insurance giant Aetna Inc., trying to capitalize on growing enrollment in Medicare and Medicaid, has agreed to acquire Coventry Health Care Inc. for about $5.7 billion in cash and stock. The Hartford, Conn., company and nation's third-largest health insurer said the Coventry deal will allow it to add more than 5 million new members, many of them in faster-growing Medicare Advantage and Medicaid managed-care plans. Other insurers have been striking similar deals as they seek to take advantage of Medicare's growth as more baby boomers retire and the federal healthcare law adds an estimated 15 million Americans to the Medicaid rolls starting in 2014.
June 18, 2013 |
The closer we get to full implementation of the 2010 healthcare law, the more visible its effects become. The latest example is Aetna's decision to drop out of the market for individual health insurance policies in California, which will force almost 70,000 people in the state to find a new insurer. Critics of the law will probably characterize this development as yet more proof of the hollowness of President Obama's promise that "if you like your healthcare plan, you can keep your healthcare plan.
February 29, 2008 |
Aetna Inc., the third largest U.S. health insurer, will delay plans to end payments to anesthesiologists for some colonoscopies after doctors said the move could hurt patients and discourage cancer testing. The policy was to take effect April 1, the Hartford, Conn., company said. It will be held off until "patient-friendly alternatives" are approved by U.S. drug regulators, Aetna said.
August 30, 2012 |
Two healthcare heavyweights are exchanging sharper blows and more patients may be caught in the middle of this fight over medical payments. This week, the California Medical Assn., the largest physician group in the state with 35,000 members, accused health insurance giant Aetna Inc. of refusing to negotiate with member doctors or kicking physicians out of its insurance network as retaliation for a lawsuit filed last month. As a result, the association said, Aetna may be limiting patients' access to their regular doctors.
May 31, 2013 |
Consumers have been told by insurers again and again that if they want cheaper prices for prescription drugs, they need to order them in bulk from mail-order pharmacies. And typically, it works out that way. Sometimes, however, the prices reveal how screwy our healthcare system is - and what a challenge it can be to get a straight answer about medical costs. Jeff Zoldos, 61, had such an experience after his employer switched his coverage to Aetna at the beginning of the year.
CALIFORNIA | LOCAL
February 16, 1999
Columnist Ken Reich misrepresented my views in a recent column ("Verdict Against Aetna Is an Omen of Clash Over HMOs," Jan. 28). I in no way intended to denigrate or minimize Teresa Goodrich's very real pain at her husband's untimely death, and I regret choosing words that suggest otherwise. However, I specifically stated my faith in the ultimate fairness of the American justice system, contrary to Reich's interpretation of my views. My comments reflect my frustration with the way Aetna was unfairly portrayed and the simple truth that the San Bernardino jury did not hear all the facts.