May 22, 2013 |
Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California's new state-run health insurance market, possibly limiting the number of choices for millions of consumers. UnitedHealth, the nation's largest private insurer, Aetna Inc. and Cigna Corp. are sitting out the first year of Covered California, the state's insurance exchange and a key testing ground nationally for a massive coverage expansion under the federal healthcare law. Meanwhile, the biggest insurers in the state - Kaiser Permanente, Anthem Blue Cross and Blue Shield of California - are all expected to participate in the state-run market for individual health coverage.
March 11, 2000 |
Aetna Inc., the nation's largest health insurer, apologized for selling policies in the 1850s that reimbursed slave owners for financial losses when those they enslaved died. "Aetna has long acknowledged that for several years shortly after its founding in 1853 that the company may have insured the lives of slaves," Aetna spokesman Fred Laberge said Thursday. "We express our deep regret over any participation at all in this deplorable practice."
December 15, 2004 |
Employees at Boeing Co., the second-biggest U.S. defense contractor, have sued the company and health insurer Aetna Inc., saying they denied valid disability insurance claims. The lawsuit, filed in federal court in Seattle, says Aetna emphasized certain evidence in denying insurance claims for disabled employees and dismissed evidence that strengthened those claims. Boeing is named in the suit as a sponsor of Aetna's benefits plan.
February 11, 2005 |
Aetna Inc., the third-largest U.S. health insurer, said fourth-quarter earnings jumped 21% because of an increase in enrollment and premiums. The company split its stock and doubled its dividend payout. Net income rose to $300.7 million, or $1.95 a share, from $249.5 million, or $1.56, a year earlier, Hartford, Conn.-based Aetna said. Revenue climbed 13% to $5.2 billion.
February 13, 2004 |
Aetna Inc., the second-biggest U.S. health insurer, said quarterly earnings more than doubled after it jettisoned customers who were too costly. Aetna shares rose 4.5% to a three-year high. Net income rose to $249.5 million, or $1.56 a share, in the fourth quarter, from $98.2 million, or 63 cents, a year earlier, the Hartford, Conn.-based company said. Revenue declined 3% to $4.57 billion.
August 20, 2003 |
Aetna Inc. and the American Dental Assn. announced a class-action settlement by dentists who accused the Hartford, Conn.-based insurer of interfering with dental procedures to cut costs and forcing dentists to comply with excessive paperwork. The settlement calls for Aetna to pay $4 million to 40,000 to 50,000 dentists and $1 million to the ADA Foundation, a charitable group. Lawyers' fees would total $1.25 million, the dentists' association said. The agreement, which must be approved by the U.