California health insurance regulators launches investigation into Aetna

aetna california health insurance regulators investigation

The insurer’s coverage practices will be examined by the two different state departments. Two California health insurance regulators have stated their intentions to investigate Aetna’s coverage decision processes. This examination of the insurer is a result of a lawsuit filed by a Californian man. The man filed the lawsuit against the country’s third largest insurance company, alleging improper care denial. The two California health insurance regulators will conduct the investigation in order to help determine whether or not Aetna’s decision processes are acceptable. The opening arguments in the case were…

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CVS Health called “insane” for attempting to step into insurance industry

CVS Health insurance

Wall Street Analysts are baffled by the pharmacy and drug store chain’s potential Aetna purchase. CVS Health revealed its intentions to purchase nationwide insurance provider, Aetna. This would represent the company’s first steps into the health insurance industry. At the same time, it has Wall Street analysts puzzled over the decision. This entry into health insurance within the current atmosphere has analysts completely confused. Jeffries health care desk analyst, Jared Holz, called the CVS Health decision “insane.” Moreover, he also said that this move to acquire Aetna has arrived much…

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Aetna insurance jobs open up for over 300 people

aetna insurance jobs work from home

The insurer has announced that a number of spots are opening up for new hires to work from home. Aetna insurance jobs have opened up in a wave for people who are seeking to start or continue a career in the industry without having to face a commute. This is becoming an increasingly common type of position in the insurance industry as Cigna, one of Aetna’s rivals, also hires people who work from home. The health insurance company is showing that it understands why its teams might like staying at…

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Aetna health insurance withdrawing from ACA exchanges next year

Aetna Health Insurance bubble burst ACA

The company has announced its departure from all marketplaces across the country in 2018. A number of large insurers have stepped out of certain specific marketplaces, but Aetna health insurance is backing out of the entire country. The health insurance company had already withdrawn from certain states, but this move is nationwide. Aetna health insurance will be taking on a complete removal from the Affordable Care Act’s marketplaces next year. It recently announced its decision as a result of ongoing financial losses. The insurer also cited uncertainty as to the…

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Aetna health insurance backs out of Iowan individual exchange

Iowa stopgap health insurance plan

A second large insurer has announced its intention to step out of the state, leaving residents in a lurch. Aetna health insurance has revealed its intentions to withdraw from the Iowa individual marketplace. This raises concerns that residents will not have any coverage options available for 2018. Tens of thousands of Iowans who purchased health plans through the insurance exchange may be out of luck. The Aetna health insurance exchange withdrawal will be effective as of January 2018. The insurance company informed state regulators that it has chosen to cease…

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Insurance company merger between Aetna and Humana will not go forward

Health Insurance company merger Aetna

A federal judge has now ruled in favor of prohibiting the two health insurers from merging. The Justice Department’s decision to stop the insurance company merger between Aetna and Humana has been upheld by a federal judge. These two health insurance giants were appealing the decision with U.S. District Judge John. D. Bates. The original decision to block the merger between the health insurance companies occurred in July 2015. That said, Judge Bates concluded in a 158-page opinion that “The Court is unpersuaded that the efficiencies generated by the merger…

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Health insurance provider breaks regulations in North Carolina

Health Insurance company merger Aetna

Aetna could face fines and other penalties from state regulators for numerous infractions Health insurance provider Aetna has run afoul of North Carolina’s insurance regulators. According to the North Carolina Department of Insurance, the company has sold policies to several hundred consumers without the state’s approval. The agency approved these policies in order to ensure that people do not lose their health insurance coverage, but Aetna may be subject to fines and other penalties for selling insurance products without the states authorization. Company reports its own infractions, which may have…

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Aetna backs out of Georgia health insurance exchange

Georgia Health Insurance exchange

Aetna and Coventry pull out of state health insurance exchange Aetna, one of the largest health insurance providers in the U.S., has dropped out of Georgia’s health insurance exchange. The insurer is also taking its recently acquired subsidiary, Coventry, out of the state’s insurance exchange as well. With the two companies leaving the exchange, five insurers remain to offer coverage through the state’s exchange program. While the insurers will not be participating in the exchange, they will still be offering coverage beyond the confines of the program. Federal law seeds…

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Health insurance exchange in Maryland loses Aetna plans

Maryland Insurance

The giant insurer has announced that it is withdrawing its policies from the state marketplace. Aetna has revealed that it feels that the approved rates in Maryland are not feasible, as it scrutinizes the offerings it has across the rest of the United States, and has now canceled its intentions to sell health insurance within that state’s exchange. The marketplace is slated to open on October 1, 2013 in order to comply with the federal healthcare reforms. The intention to sell health insurance plans as a part of the new…

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Aetna to pull out of individual health insurance market in California

Health Insurance company merger Aetna

Aetna bows out of individual health insurance market Health insurance has proven to be a divisive subject in the U.S. The federal Affordable Care Act has introduced many changes to the health insurance field, but it is to the extent that some states are taking health care reform that may be causing significant trouble for businesses. While the Affordable Care Act has introduced a variety of stringent regulations, states are also encouraged to adopt their own regulations and make reforms that would align better with the federal law. In California,…

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