Aetna, Inc., the third-largest health insurance provider in the U.S., has announced that it will be pulling out of the individual policy market in Indiana. The company is the latest in a wave of insurers that have been fleeing the Indiana market recently. The exodus is due, in part, to the waning competition in the state thanks to health insurance exchanges. Exchanges promise to bring affordable options to consumers, often at a price that insurers are unwilling or unable to match. The insurer notified the Indiana Department of Insurance in…
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Aetna acquires Omaha’s Payflex. Move may have economic implications
Health insurance giant Aetna Inc. has announced plans to purchase Payflex Holdings Inc., an administrator of health savings and flexible spending accounts in the health care industry. The purchase will set Aetna back by $202 million, but shows that the company has plans to expand their operations despite the changes coming to the industry. The deal may have deeper meaning as well, which may have roots in the state of the economy. Brian Gilbreath, president of the Nebraskan Association for Corporate Growth, says that there is growing confidence in the…
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