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.
February 11, 2009 |
The American Medical Assn. is joining several state medical associations in suing health insurers Aetna Inc. and Cigna Corp. over a database they say was rigged to underpay doctors on out-of-network claims for more than a decade. But Cigna said doctors' rates were part of the problem. The lawsuits heap more criticism on Ingenix Inc. data that already have cost UnitedHealth Group Inc. of Minnetonka, Minn., $350 million to settle a separate lawsuit involving the AMA.
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.
September 23, 2008 |
Aetna Inc., the third-largest U.S. health insurer, will let outside doctors decide whether to cancel coverage for sick customers suspected of obtaining policies through false or incomplete information. The Hartford, Conn., company will give three-member physician panels the final say on rescinding individual and family policies starting today.
February 4, 2008 |
Consulting your family physician is finally moving into the 21st century and out of the doctor's office. Since the dawn of e-mail, patients have been pleading for more doctors to offer medical advice online. No traffic jams, no long waits, no germ-infested offices with outdated magazines and bad elevator music. There was always one major roadblock: Most health insurers wouldn't pay for it. Until now. In recent weeks, Aetna Inc., the nation's largest insurer, and Cigna Corp.
November 14, 2007 |
Health insurer Aetna Inc. agreed to make changes to its doctor-ranking system nationwide after a probe by the New York state attorney general into whether such programs steered patients toward low-cost physicians at the expense of quality. Atty. Gen. Andrew Cuomo's office said Tuesday that Aetna was the second U.S. insurer to adopt Cuomo's model for physician-ranking programs and the first to apply it nationally. Last month, Cigna Corp. reached a similar deal with Cuomo.
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.
February 9, 2007 |
Health insurers Aetna Inc. and Health Net Inc. on Thursday reported increased fourth-quarter profits as they added customers and held down medical costs. Los Angeles-based Health Net, which provides health insurance to 2.4 million people, mostly in California, said fourth-quarter net income rose 11% to $84.8 million, or 72 cents a share, up from $76.7 million, or 65 cents, a year earlier. Sales rose 9% to $3.21 billion as the company targeted small and mid-size employers.
October 27, 2006 |
Health insurer Aetna Inc. said third-quarter profit rose 28%, driven in part by aggressive campaigns that added more than 700,000 customers in the last year. Net income for the Hartford, Conn.-based company rose to $476.4 million, or 85 cents a share, from $372.8 million, or 62 cents, during the same period last year.
July 28, 2006 |
Aetna Inc., one of the biggest U.S. health insurers, said Thursday that second-quarter net income fell on higher medical costs and slashed its membership forecast, sending its shares sharply lower. The results stunned the market for the second quarter in a row and again dragged down the sector. "It wasn't a full-fledged disaster, but it was pretty close," CIBC analyst Carl McDonald said in a research note titled "Deja Vu."