Tag: Aetna

California Insurance Commissioner Seeks to Stop CVS Merger with Aetna

Marc
California Insurance Commissioner want to stop merger - Stop Sign

The state’s stop insurance official has asked the Department of Justice to block the merger. California Insurance Commissioner Dave Jones is urging the U.S. Justice Department to stop CVS Health from merging with Aetna. Such a merger would “have significant anti-competitive impacts on American consumers and health care and health insurance markets,” said Jones. The Californian regulator cannot stop the deal, but he can use his sway with the D.O.J. Even though the California Insurance Commissioner does not have the authority to stop a merger between the companies by way…

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California health insurance regulators launches investigation into Aetna

G. Turner
Short Term Health Insurance - Regulators

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 to acquire Aetna in a $69 billion bid

Julie Campbell
CVS health insurance

The retail pharmacy and health care company could create a significant shift in the insurance industry. CVS Health has made a serious bid to buy insurance giant Aetna for a price tag of about $69 billion. Should this acquisition close, it could push the retail chain further into the health care industry while offering a key client significant protection. The announcement of the health insurance company’s acquisition was made at the start of this week. This acquisition will have CVS Health Corp. paying approximately $207 in cash and stock for…

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

Logan B.
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

Julie Campbell
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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