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
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 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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Aetna insurance moving headquarters out of Hartford after 164 years there

G. Turner
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 insurance jobs open up for over 300 people

Julie Campbell
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

G. Turner
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

Nordstrom
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

H. Cutner
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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