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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HIV status of thousands of Aetna insurance customers exposed through mail

aetna insurance customers envelope window

The use of clear windows on envelopes allowed private medical information to be revealed. Thousands of Aetna insurance customers suffered an accidental disclosure of their HIV status. What was essentially a stationary error caused the private medical data of 12,000 policyholders to be openly visible in the mail. The insurance company issued letters to certain clients, in envelopes with clear plastic windows. The envelopes with plastic windows are commonly used by many companies to allow the recipient’s name and address to show through. That way, the mailing information printed on…

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Aetna insurance moving headquarters out of Hartford after 164 years there

New York City Aetna Insurance

The coverage giant has been in Connecticut for over a century and a half and is now moving to New York City. After 164 years in Connecticut, Aetna Insurance is now moving its headquarters out of Connecticut and into New York City. The company had announced its intentions to relocate to NYC earlier this year and has faced intense lobbying from Connecticut officials against its decision. This comes as a hard hit to Hartford, which has already been struggling with considerable financial issues. On the side of Aetna Insurance, it…

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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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Apple Watch subsidy to launch at Aetna insurance

Apple Watch Subsidy Aetna Insurance

The insurer has said that they will be willing to cover a “significant portion” of the price of the device. Consumers who have had their eye on a health and fitness tracker may be interested in the Apple Watch subsidy at Aetna. The insurance company has announced that it will be offering to pay for a portion of the price of the device when it will be used for keeping track of health data. That said, it is important to note that not all customers qualify for the subsidized smartwatch.…

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Health insurance to be offered to Costco members by Aetna

Costco Aetna health insurance

The insurer has now unveiled a new program for individual coverage in California. Aetna has just announced the unveiling of a new health insurance program in California through which they will be offering individual plans to members of Costco. This program is geared toward meeting the needs of Costco members in an affordable way. The coverage is called the Costco Personal Health Insurance program. It includes five different types of plans, which are broad major medical benefits, a number of assistance services, a large provider and hospital network, dental options,…

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California insurance regulators clash with Aetna over insurance rate hikes

California health insurance industry go head to head with regulators Aetna Life Insurance has raised the health insurance rates for small employers in the state of California this month. The company has plans to raise rates by an average of 8% for this sector each year. The plan has struck a chord with the state’s insurance regulators, with Insurance Commissioner Dave Jones accusing the company of being unreasonable. According to the state’s Department of Insurance, Aetna’s health insurance rates for small businesses will jump by more than 30% over the…

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