August 17, 2007 |
New York Atty. Gen. Andrew Cuomo warned health insurers Aetna Inc. and Cigna Corp. on Thursday that planned programs that rank physicians on quality and cost would be likely to confuse or deceive consumers. In letters to the insurers, Cuomo took issue with the design of Aetna Aexcel and Cigna Care Network programs that would encourage members to use specialists whom the insurers have identified as delivering quality care while containing costs.
January 31, 2013 |
A Southern California surgery center charged teacher Lynne Nielsen $87,500 for a routine, 20-minute knee operation that normally costs about $3,000. Despite the huge markup, the Long Beach Unified School District and its insurer, Blue Shield of California, paid virtually all of the bill from Advanced Surgical Partners in Costa Mesa. Blue Shield mailed the $84,800 check to the high school Spanish teacher last month and told her to sign it over to the surgery center. Nielsen said she was outraged and refused to send the check.
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.