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Keyword: aetna

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  • Insurer’s mailing to customers made HIV status visible through envelope window

    08/25/2017 8:21:14 AM PDT · by Silentgypsy · 30 replies
    Statnews.com ^ | 08/24/2017 | Erin Mershon
    Thousands of people with HIV received mailed letters from Aetna last month that may have disclosed their HIV status on the envelope. The letters, which Aetna said were sent to approximately 12,000 people, were meant to relay a change in pharmacy benefits. Text visible through a small window on the envelopes listed the patients’ names and suggested a change in how they would fill the prescription for their treatment for the virus. “People have been devastated. We’ve had a number of people tell us they had chosen not to disclose their HIV status to family members — but this is...
  • Aetna reveals HIV status of thousands in mass mailing

    08/24/2017 11:53:58 PM PDT · by buckalfa · 25 replies
    Briebart ^ | August 25, 2017 | UPI
    Healthcare insurer Aetna inadvertently revealed thousands of people’s HIV statuses in a mailing about new medication options to about 12,000 people last month, according to the Legal Action Center and the AIDS Law Project of Pennsylvania. The mishap occurred after Aetna mailed the notice in an envelope with a name and address window large enough to show the beginning of the letter, which addresses the patient and their usage of HIV medication.
  • Anthem, Aetna Exit Obamacare Exchanges

    08/03/2017 2:12:28 PM PDT · by SeekAndFind · 22 replies
    Hotair ^ | 08/03/2017 | John Sexton
    With the September deadline for insurers to decide whether they are in or out of the Obamacare exchanges fast approaching, some insurers are opting to get out now. Aetna announced it was getting out of the Obamacare business in May. Today, the company announced it was leaving the one exchange where it had considered staying because of a Medicaid contract. From the Washington Examiner: The company said during an earnings call that it was withdrawing from the exchange in Nevada, the last state it had considered staying in. Aetna was leaving the possibility open because it was applying for...
  • Aetna exits [all] Obamacare exchanges

    08/03/2017 8:50:34 AM PDT · by Lorianne · 30 replies
    Washington Examiner ^ | 03 August 2017 | Kimberly Leonard
    Health insurer Aetna announced Thursday that it would completely withdraw from the Obamacare exchanges in 2018, after seeing its profits soar from reducing its participation this year. The company said during an earnings call that it was withdrawing from the exchange in Nevada, the last state it had considered staying in. Aetna was leaving the possibility open because it was applying for a Medicaid managed care contract, and the state gives extra consideration to insurers that participate in both programs.
  • Aetna to lose almost $1 Billion from 2014-2017 - Will abandon ALL ObamaCare exchanges

    05/11/2017 10:11:10 AM PDT · by Sean_Anthony · 18 replies
    Canada Free Press ^ | 05/11/17 | Robert Laurie
    Implosion: The law was, after all, just a "step on the path to single payer." Last year, you may recall that one of the nation’s largest insurers, Aetna, announced it had suffered major losses under the failing Affordable Care Act. As a result, it was pulling out of many ACA exchanges. The company said it intended to soldier on in just four states - Delaware, Iowa, Nebraska, and Virginia. Back then, Aetna claimed losses of almost $450 million. A few weeks ago, they announced that number has risen to $700 million since 2014, and they trimmed Iowa and Virginia from...
  • See Ya: Aetna To Completely Withdraw From Obamacare Markets Next Year

    05/11/2017 6:46:21 AM PDT · by rktman · 25 replies
    townhall.com ^ | 5/10/2017 | Matt Vespa
    Guy has written extensively on the death spiral of Obamacare. From rising premiums, loss of insurance, and health care companies feeling the financial squeeze, President Obama’s health care overhaul is crumbling. In North Carolina, Blue Cross Blue Shield, which is the state’s largest insurer that offers Obamacare plans to all of its 100 counties, says the financial losses have been immense. CEO Brad Wilson told The News and Observer in February of 2016: “In year one [2014], five percent of our ACA customers consumed $830 million in health care costs. That’s how much money went out of our door to...
  • Aetna exits Obamacare exchanges in remaining two states

    05/10/2017 3:17:31 PM PDT · by Oldeconomybuyer · 12 replies
    Reuters ^ | May 10, 2017 | by Deena Beasley
    Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska - the two remaining states where it had offered the plans. Aetna had previously announced plans to exit the individual commercial market in Virginia and Iowa. It has now "completely exited the exchanges," the company said in an emailed statement. The insurer attributed the losses to "marketplace structural issues, that have led to co-op failures and carrier exits, and subsequent risk pool deterioration." Aetna said it had 964,000 individual commercial plan members as of the end of 2016, but that...
  • Aetna Completely Exits Obamacare Exchanges, Cites Massive Losses

    05/10/2017 4:31:20 PM PDT · by Enlightened1 · 27 replies
    The Washington Examiner ^ | 05/10/17 | Kimberly Leonard
    Health insurance giant Aetna said Wednesday that it will not be participating in any Obamacare exchanges in 2018. "Our individual commercial products lost nearly $700 million between 2014 and 2016, and are projected to lose more than $200 million in 2017 despite a significant reduction in membership," T.J. Crawford, Aetna spokesman, said in an email. The reason for the losses, he said, came from structural issues within the exchanges "that have led to co-op failures and carrier exits, and subsequent risk pool deterioration." He did not cite uncertainty over the future of Obamacare, as the company had done when it...
  • Aetna CEO Bertolini says Obamacare's 'biggest problem' is that it's not fully funded by government

    05/03/2017 8:15:28 PM PDT · by 2ndDivisionVet · 32 replies
    Yahoo! Finance ^ | May 2, 2017 | Dan Mangan, CNBC
    Aetna (AET)'s CEO Mark Bertolini doesn't want to charge some people more for Obamacare — but he does want the government to step up and fund the program "appropriately." Bertolini on Tuesday rejected a suggestion that Republican proposals to allow insurers to charge people with pre-existing health conditions more for Obamacare plans could prompt Aetna to return in force to individual plan marketplaces. Instead, Bertolini said on CNBC's "Closing Bell," the federal government should guarantee financial support for insurers who participate in the program, which in turn could maintain and expand health coverage for many people. Specifically, Bertolini said the...
  • Aetna to exit Virginia Obamacare individual insurance market

    05/03/2017 12:22:15 PM PDT · by Oldeconomybuyer · 11 replies
    Reuters ^ | May 3, 2017 | by Caroline Humer
    Aetna Inc will exit the Obamacare individual insurance market in Virginia and will not offer these plans on or off the online exchange created by the Affordable Care Act, the company said on Wednesday. The company said last month that it would leave Iowa. It is selling these plans in four states in 2017.
  • Aetna will exit Obamacare markets in Virginia in 2018, citing expected losses

    05/03/2017 12:34:16 PM PDT · by NRx · 19 replies
    CNBC ^ | 05-03-2017 | Dan Mangan
    Giant insurer Aetna said Wednesday it will not sell Obamacare plans in Virginia next year, citing expected financial losses on such plans in 2017. Aetna left open the question of whether it will sell such individual health plans anywhere in the United States. Aetna's decision to exit Virginia in 2018 comes several weeks after it said it would drop out of Iowa's individual market next year. The company was selling Obamacare plans in just two other states this year: Delaware and Nebraska. "Despite significantly reducing our exchange footprint, our individual commercial products could potentially lose more than $200 million in...
  • Aetna CEO states the obvious: ObamaCare exchanges are now in a death spiral

    02/15/2017 9:33:39 AM PST · by Sean_Anthony · 9 replies
    Canada Free Press ^ | 02/15/17 | Robert Laurie
    Failure was the great promise of ObamaCare. Implosion was the plan. Democrats were counting on it Remember: All of this was by design. Failure was the great promise of ObamaCare. Implosion was the plan. Democrats were counting on it, with the intention that Hillary would be in office to pick up the pieces and march the nation over the single-payer cliff. That, of course, is where the plan fell apart.
  • Humana says adios to ObamaCare. Implosion continues

    02/15/2017 9:31:10 AM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 02/15/17 | Robert Laurie
    Crumbling down around us Unless you’ve been living under a rock, you’ve heard about the proposed merger between health insurance giants Aetna and Humana. It was big news throughout the last year. That plan has now disintegrated, and both companies are re-jiggering their plans as they move on separately. If you think ObamaCare is part of that scenario, think again. Last August, we learned of Aetna’s intentions for the ACA exchanges, and now we know Humana intends to follow suit.
  • Aetna chief executive says Obamacare is in a 'death spiral'

    02/15/2017 8:53:26 AM PST · by Zakeet · 11 replies
    Washington Post ^ | February 15, 2017 | Carolyn Y. Johnson
    Aetna chief executive Mark Bertolini said Wednesday that the Affordable Care Act's exchanges - the marketplaces where consumers can buy individual health coverage under President Barack Obama's signature health-care law - are in a "death spiral." [Snip] "My anticipation would be that in '18, we'll see a lot of markets without any coverage at all," Bertolini said. Representatives of the Health and Human Services Department did not immediately respond to a request for comment.
  • Phila. area faces hefty increases in Affordable Care Act rates

    10/17/2016 4:09:12 PM PDT · by Olog-hai · 10 replies
    Philadelphia Inquirer via Philly.com ^ | October 17, 2016 — 6:06 PM EDT | Harold Brubaker
    Because of market turmoil and decisions by United Healthcare and Aetna to withdraw from Affordable Care Act exchanges in Pennsylvania for 2017, the remaining insurer in the Philadelphia area, Independence Blue Cross, has been granted bigger rate increase — 28 percent — than it requested in the spring, the state Insurance Department said Monday. Insurance Commissioner Teresa Miller said additional companies beyond United and Aetna were considering ending their ACA individual-exchange businesses in Pennsylvania. If that happened, some counties might have been left without any offerings on the exchange, which is where individuals have to buy plans to qualify for...
  • Aetna to Provide Apple Watch to 50,000 Employees, Subsidize Cost for Customers

    09/27/2016 9:37:24 PM PDT · by Swordmaker · 51 replies
    MacRumors ^ | Tuesday September 27, 2016 11:02 am PDT | by Juli Clover
    Insurance company Aetna today announced a major health initiative centered on the iPhone, iPad, and Apple Watch, which will see Aetna subsidizing the cost of the Apple Watch for both large employers and individual customers. Starting this fall during open enrollment season, Aetna will subsidize "a signficant portion" of the Apple Watch cost and will offer monthly payroll deductions to cover the remaining cost. apple watch series 2 Aetna also plans to provide Apple Watches at no cost to all of its nearly 50,000 employees as part of a wellness reimbursement program to encourage them to live healthier lives. "We...
  • ObamaCare coverage options disappearing across country, report finds

    08/29/2016 7:02:57 PM PDT · by Olog-hai · 21 replies
    Fox News ^ | August 29, 2016
    Nearly a third of U.S. counties will be left with just one insurance option next year on the ObamaCare exchanges, according to a new analysis fueling warnings about the impact of the insurance company exodus from markets across the country. The Kaiser Family Foundation study found residents in Pinal County, Ariz., are even at risk of having no insurance options on the exchanges, which provide subsidized plans. Republicans seized on the report Monday to claim that the health care overhaul is not providing the choices promised by President Obama and others. […] The Kaiser Family Foundation study found that overall,...
  • There Is No Fix

    08/28/2016 3:05:05 PM PDT · by MtnClimber · 18 replies
    The Weekly Standard ^ | From the 6 Sep, 2016 issue | There Is No Fix
    With Aetna’s announcement that it is pulling out of most government-run exchanges, Obamacare's death spiral has begun to accelerate. Few but the sickest or most heavily subsidized people want anything to do with the (inaptly named) Patient Protection and Affordable Care Act's high-priced, high-deductible, narrow-network plans. Insurers are responding to sicker risk pools and bigger losses by raising rates, which makes the plans even less attractive to the young and healthy—which makes the risk pools sicker, which makes the rates rise further. And the spiral continues, like water circling the drain. No less of an Obamacare cheerleader than the New...
  • For the first time, a county in America has lost all of its Obamacare insurers

    08/23/2016 4:59:36 AM PDT · by snarkpup · 46 replies
    Business Insider ^ | Aug. 22, 2016, 10:08 AM | Bob Bryan
    Cox told Business Insider that the situation in Pinal County will likely raise calls for a public option, or a government-run health insurance option similar to Medicare or Medicaid.
  • Big 3 Insurance Flip Obamacare the Bird

    08/22/2016 9:18:16 AM PDT · by Kaslin · 35 replies
    Townhall.com ^ | August 22, 2016 | Katie Kieffer
    UnitedHealthcare, Humana—and now Aetna—are abandoning Obamacare exchanges because they’re unprofitable. Meanwhile, for the first time in 10 years, the U.S. death rate has increased. CDC researcher Andrew Fenelon told the Associated Press: “…it is quite rare to see it [a death rate increase] for the whole population. … Many countries in Europe are witnessing declines in mortality, so the gap between the U.S. and other countries is growing.” For 80 percent of the past decade, President Obama has been president. Obamacare was unconstitutionally rammed through Congress on Christmas Eve of 2009. Isn’t it interesting that in 2016—with Obamacare in full...