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
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…
Read MoreAetna to pull out of individual health insurance market in California
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,…
Read MoreHealth insurance to be offered to Costco members by Aetna
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,…
Read MoreAetna faced with fine from Washington regulators
Aetna facing $1 million fine for faulty policies Insurance giant Aetna has run afoul of regulators in Washington. Insurance Commissioner Mike Kreidler has announced that Aetna has been fined $1 million for issuing more than 7,000 policies in the state to residents that faced premiums that were never approved by state regulators. Regulators suggest that many of these policies did not live up to the state’s legal requirements, thus were never official and introduced significant risk to consumers that held these policies as well as major financial stress. Policies do…
Read MoreAetna predicts major rate increases in 2014
Aetna CEO forecasts future of rates for health insurance consumers Health insurance continues to be a hot topic in the U.S., especially as 2014 approaches bearing the full weight of the Affordable Care Act. Last week, Aetna, the third largest health insurance provider in the U.S., held its annual investor conference in New York. During the conference, Aetna executives provided a wealth of information to the company’s investors concerning the insurance providers future plans and how it will adapt to the changing insurance landscape. Aetna CEO Mark Bertolini offered a…
Read MoreTexas health insurance company boosts diabetes programs
Aetna is now selling two programs geared specifically toward tackling the disease in that state. Texas health insurance and the medical system as a whole is in a virtual crisis due to the number of people in its population that have diabetes, and Aetna is hoping to help to overcome that by offering two new programs geared specifically toward this disease. The state has over 1.7 million adults who are living with diabetes at the moment. Research has indicated that this is a whopping 12 percent greater than the national…
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