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…
Read MoreHealth insurer for reform
With the insurance industry in the U.S. undergoing significant changes, customers are finding it hard to keep up with companies trying to adapt to an evolving playing field. The health care reform law, The Affordable Care Act, was passed only last year and has had sweeping implications on how the industry is to operate. Health care reform has attracted its share of supporters and opponents, but a chief executive of one of the nation’s largest insurers says that the changes coming from the Act are for the greater good. Aetna,…
Read MoreDelays for California health insurance rate hike
On the heels of the announcement that Blue Shield of California would be raising its premiums by 59%, a proposition that has since been delayed by the state’s insurance commissioner, additional delays are being requested from insurers Aetna, Anthem and PacifiCare. Blue Shield of California would be raising its premiums by 59% New Insurance Commissioner, Dave Jones, who urged Blue Shield to postpone their rate hike for 60 days, has extended his inquiry to include the other big name insurers, who claim the rate hike is justified in light…
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