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.
October 21, 2008 |
Aetna Inc. added a link to the Gay and Lesbian Medical Assn. to the company's online directory of practitioners, DocFind, becoming the first U.S. health insurer to make such a move. The association's database lists more than 1,200 primary-care providers, specialists, therapists and dentists "who welcome lesbian, gay, bisexual and transgender patients," according to a statement from the association, which is in San Francisco, and Aetna, based in Hartford, Conn.
April 11, 2013 |
Blue Shield of California may be losing its longtime grip on one of the healthcare industry's most coveted insurance contracts. Officials at the California Public Employees' Retirement System are recommending breaking up Blue Shield's current statewide HMO contract and replacing it with as many as four health plans for more than 400,000 public workers and their families. The CalPERS board of administration will consider its staff's recommendation next week and decide among seven companies that submitted bids.
February 13, 2009 |
Aetna Inc., the third-largest U.S. health insurer, reported a 57% drop in profit because of investment losses and expenses for eliminating jobs. The Hartford, Conn., company maintained its earnings forecast for the year, saying it expected to add customers. Fourth-quarter net income fell to $194.7 million, or 42 cents a share, from $448.4 million, or 87 cents, a year earlier. Its shares rose 82 cents to $33.06.
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.
May 30, 2003 |
A federal judge in Miami gave health insurer Aetna Inc. preliminary approval for a $170-million plan to settle claims by 700,000 doctors that the company unfairly cut reimbursements. The settlement approved by U.S. District Judge Federico Moreno gives doctors $100 million. Hartford, Conn.-based Aetna also agreed to pay $20 million to create a foundation to address health-care problems and $50 million in legal costs.