Aetna insurence

Aetna, Inc. American sells traditional and consumer health insurance plans and such medical, pharmaceutical, dental, behavioral health, long term care and disability-related services, such as, led by health care company, plans managed. Aetna is a chance 100 members.
 Members

Aetna is primarily paid by the employer (wholly or partly) through insurance and benefit programs, health care, dental, pharmacy, group life, disability and long-term care insurance and provide employee benefits and through Medicare. Membership numbers: (30 June 2013) [citation needed]

22 million-medical members
14300000-tooth member
13.8 million pharmacy members
13609000-group insurance members
1,000,000 - health professionals
597,000+ - primary care physicians and specialists
5,300+ - hospitals

Lobbying and campaign contributions

lobbying.th the company in January 2009 and Aetna campaign contributions to US Senator Joe Lieberman, more than 110,000, including $ March compared to the same period of 2008 and 2009 and up 41 percent last (ID among the has spent $ 809,793 Aetna in 2009 to more than $ 2.0 million who has spent a CT) 2009.Fro 2009 and 2005, Aetna Aetna seventh highest contribution by the senator during that time, Senator Max Baucus (D-MT), chairman of the Senate Finance Committee has contributed $ 56,250.

Quality of Care

California Health Care Quality Report Card 2011 Edition, Aetna Their hmo. the California Healthcare Quality Report Card 2010 Edition, [8] Aetna Ratio 4 Care Meeting National Standards of stars and members, took 2 out 1 team of 4 teams "good" to some degree, member Rate Meeting National Standards of Care both received their HMO 3 out of 4 stars and how ( "good", "out" poor "," fair or "excellent").

Current leadership

Aetna CEO Mark Bertolini was 8 on November 29, 2010, and president in April 2011.
Karen S. Lynch (Rohan) is president of Aetna.
Steven B. Kelman, CEO of General Deputy Director of Corporate Affairs and Chief of Staff and is the Chairman of the Board Mark Bertolini.

William J. Casazza, Vice President and General Counsel that.
Richard di Benedetto Aetna International is responsible for Vice President.
Officer Deanna Fidleris Vice President Human Resources.
Shawn M. Guertin Vice President, CFO and General Corporate Risk Officer.
Diju until Lewis that Consumer Products and Executive Vice President of Corporate Marketing.
Meg McCarthy, Vice President Operations and Technology that.
Harold L. Paz, M. D., M. S .. is the Vice President and Chief Medical Officer.
Fran S. Soist bearing Government Services Vice President
Joseph M. Zubretsky Healthag Senior Vice President responsible for that.

Operations

In 2005, the company was earning $ 1.1 billion. In 2008, Aetna reported 2007 revenue was $ 27.6 billion. In 2009, Aetna reported 2008 income was USD $ 31 billion. Aetna reported in 2013. The 2012 revenue was $ 35.54 billion.

History

Aetna in Hartford, Connecticut Aetna (Fire) Insurance Company is a direct descendant.
name the time as the most active volcano in Europe, Mount Etna was supposed to call.

1810s 

1819 Henry Leavitt Ellsworth, Yale graduate and lawyer Thomas Kimberly Brace success Aetna (fire) insurance company vice president, will be. Later, he became the first US Patent Commissioner Ellsworth, until his resignation in 1821, he worked for two years as president of Aetna, but Ellsworth continued another 16 years as a director. Brother, William Wolcott Ellsworth in Ellsworth, also served as a director as well as the company's first General Counsel.

 In 1850,

1850 Aetna, when it.at some church leaders and others to head the company was general counsel at and the board in Hartford, Connecticut judge Eliphalet Adams Bulkeley, selection, was a sinful annuity fund is believed that the life insurance operation started to sell life insurance.

Aetna Insurance Annuity in 1853 by Eliphalet Bulkeley leaving as head of department be included as Aetna Life Insurance Company.
Aetna after 1854 to become the company's president, Thomas O. Enders hired its first full-time employee.
Aetna in Hartford in 1857 moved to its new office in Hungerford and Cone streets. 1857 cause a panic, but banks and many other businesses closing in Hartford and hit nation. Eliphalet Bulkeley was denied a move to liquidate the company during the economic crisis.
Aetna Insurance Company naming the owner as beneficiaries on life insurance policies issued an undetermined number of African-American slaves.

The 1860s

1861 Aetna insurance policies only his dividends to policyholders as mutual life began offering paid participating life insurance policies. Due to the outbreak of the American Civil War, Aetna and the results of many companies cutting back on the loss of South policyholders pay premiums promotional effort launched new products, including high-level commission to their agents. However, the death toll of the war, coupled with booming war economy to match the expansion caused Aetna life insurance business expansion.

in excess of a million dollars, 1865 1864 Aetna business volume has increased 600% over 1861 and nine times the annual premium income. As a result, Aetna he had financial stability and resources required to meet stringent regulatory requirements placed on life insurance companies in Massachusetts and New York; In 1865 the company had requested authorization to begin work in these countries.

Company revenues in 1867 Aetna 670 Main Street, Hartford home office moved to third with $ 5,129,000 in 1867 and rose to $ 78,000 in 1861. In 1924, Aetna farm mortgage investments, $ 94 million was 43% of its assets.

1868 Aetna first actuarial recruitment and an all-cash premium plan in favor of leaving the minim primary system, changed their business practices.

1870s 

A. Eliphalet Bulkeley died in 1872 and Thomas O. Enders became president.
1878 $ 150,000 $ 750,000 Aetna has increased its capitalization.
1879 Enders' failing health forced resignation and Eliphalet Bulkeley took his place Morgan G. Bulkeley son.

1880

1888 Aetna in Hartford 670 Main Street, outgrew its former offices and 650 Main Street, purchased the adjacent fourth home office; Aetna Aetna is actually the first owner of the building and home offices over the next 42 years.

1890s 

Aetna Morgan Bulkeley in 1891 published the first accident policies purchased by him.
In 1892 the first general agents Aetna Chicago conference.
Aetna in 1899 to enter the field of health insurance has become one of the first publicly traded insurance company.

1900s 

Aetna in 1902 as a progressive response to the growing power of the social reform movement, has created a department to provide accident and liability insurance for employers' liability and public employees. This move would have Aetna Accident and Liability Company.
An Engineering Supervision Department in 1903 and was created to improve workplace safety.
1904 Aetna accident, health and liability coverage write the world's largest life insurance carry the status as Aetna, introduced the first corporate seal; logo font Aetna ranking with large blocks of writing, the company's home office ball played through out the explosion.
Aetna created in 1907 as a subsidiary to handle items such as car accidents property coverage; Aetna look into related lines such as collision damage and began expanding aggressively. This business Aetna became the Accident and Surety Company.

1908 Aetna first home office working woman (Julia Kinghorn, telephone switchboard operator), the Aetna employees hired what has become the first two-thirds.

1910

B. E. CAMMACK under management in 1910, Aetna was the Hollerith punch card machines and Keypunch machines listed in the company's home office clerk inputs the first woman to death statistics began to use hired 35 women.
1911 Aetna first national advertising campaign began. In the same year, Aetna market fidelity and surety bond guarantees established department.
1912 Aetna contract coverage in several different species combined, introduced the first combination automobile policy. Several Aetna insured RMS Titanic was killed.
1913 Aetna car in second partnership to write fire insurance, Insurance Company founded. The storm soon, hose, expansion and expanded to include ocean and inland marine insurance. Aetna group life insurance, a group insurance department set up to sell the first one to do it; Aetna first step towards existing health business.

1960

Aetna Canadian company in 1960, buying the Excelsior Life Insurance Company, has expanded outside the U.S.. In 1968, he and producer at Sydney, Australia Cooperative Assurance Company of Citizens, bought a majority stake. In 1981, it bought a 40 percent interest in two Chilean companies, and shortly after the UK, Spain, Hong Kong, Taiwan, Indonesia and Korea invest in businesses.

1970

B. E. Chaired in 1970 Aetna Pension, Accident and Life Department of Burton, President and Lead Actuary, on new sales of $ 11.8 billion (US), the world's top 5 global pension and investment asset management and recording companies after placed Aetna ERISA pension management segment of the multi-billion dollar growth he saw assets under management and over ten years.

1990s 

Between 1996 and 1999, Antai company has launched a series of acquisitions. In 1996, Aetna was founded in 1998 by Leonard abramson. US Healthcare, acquired, adding 2.2 million Aetna members, got nylcar Health Plans for $ 1.05 billion. Next year, he and more than 21 million US members P. largest provider of health benefits, making $ 1 billion Prudential HealthCare bought. unprofitable companies to identify the account and stop allowing the company to revamp its computer system charges from customers, and has spent more than $ 20 million dollars it receives premiums. insured, and comprehensive information about this new strategy with new management and a shift in Aetna raised premiums sharply less profitable accounts. Within a few years, because of Aetna customers can now shed the eye primer 8 million covered lives.

2000's

Hired in 2000 Aetna CEO and chairman John Rowe. Rowe, raised the rate of insurance premiums by 16 percent and lay off about 15,000 people a year. He also offered to Medicare products which district of the country, including nearly half of unprofitable markets, by leaving 13 million to 19 million members from Aetna to reduce the customer base.

Aetna in 2000, and sold $ 7.7 billion for ING financial services company of international health and group benefits, so an independent company focusing its activities as a common business spun off their own health.
2001 Aetna global public relations work and marketing manager Roy Claso, Jr. Aetna lead the multi-year corporate reputation management strategy of the company during the return campaign.
CEO John Rowe in 2006 and served as chief executive of Aetna lasted 65 months; During his tenure, the former Harvard geriatrician $ 225,000 (including Sundays and holidays), won the day.
2007 Troy Brennan, Aetna's chief medical officer, "(US), but the time of the health care system." He said Aetna Investor Conference O "Health Improvement Institute latest statistics showed ... people to try about 70 days to see a provider that the average waiting. And in many cases, people initially diagnosed with cancer are waiting on an irresistible months."

2007 Aetna Medicaid and the State Children's Health Insurance signaling a push to plans for growing business running the program, the operator of the plan in July bought Schaller Anderson.
2008 Aetna CEO Ron Williams received compensation $ 38,120,000 - 22-the highest compensation of the highest annual compensation and all American CEOs in the insurance sector.
In 2008, Aetna quickly with plans to expand in all 50 states, Alabama, District of Columbia, Idaho, Iowa, Montana, North Dakota and Texas began offering animal health insurance. "Animals as new insurer for good policies, country pet owners, working closely We look forward to affordable animal to bring health insurance products reliable animal to expand the reach of the insurance industry with Pets Best and the AVMA GHLIT," Gretchen Spann said pet insurance Aetna president .
2008 Aetna 2008 income, excluding net realized capital losses, was $ 31.6 billion increased 14 percent over 2007.

2009

Through June 30, the Aetna premium $ 14 billion received: this amount from the employers and employees $ 10.7 billion, What does Medicare cover is a supplemental insurance plan to cover the gap and another $ 400 million purchase Medicare recipient of the $ 2.9 billion more claims to process Medicaid. Aetna these health reimbursement as $ 11900000000 and administrative expenses of $ 2.3 billion (20 percent) reported paid.

On September 22, more than 200 people they said that it was necessary for real national health care reform had gathered outside the headquarters of Aetna in Hartford to call the public health insurance option. Aetna, including the insurance industry, has opposed a public option.

On October 2nd, Connecticut Attorney General Richard Blumenthal and Healthcare Advocate Kevin P. Lembo Medicare Advantage and four other insurance companies for prescription get Aetna and information on the impact of legislation proposed to the drug program asked policy may have sent the company. According to Blumenthal, some insurance companies have stretched or exaggerated the effect of health care reform.

Connecticut US Senator Joe Lieberman, he is a member broke with the Democratic committee and the public option in the Senate health reform bill oath when on October 27 to join the bandits in the Republican leadership had not been removed, Aetna hit stock values.
October 30, Aetna reported third-quarter profit increased 18 percent.

November 3, US Senator Tom Harkin, Health, Education, Labor and Pensions Committee Chairman, Aetna to justify their pricing practices and began asking other three major insurance health insurance pricing investigation. small business owners testified before skyrocketing health premiums livelihoods were seriously hurt Harkin committee then began an investigation.

On November 19, Aetna deals in early next year a similar number of longer labor-off 625 employees, it has announced layoffs and some 3.5%. Connecticut 160 job cuts are to apply. "Our competition to increase the power and will allow us to direct resources to areas with the greatest potential for future growth, now our business in order," Aetna CEO Ron williams.during said in the third quarter of 2009, he won Aetna $ 326.2 million, or per share of 73 cents . In the same quarter of $ 277.3 million, or 58 cents per share, an increase that represents last year.

November 30 day, Aetna CEO Ron Williams, Aetna to increase prices in 2010 and said to drop their coverage 600,000 650,000 Aetna would force customers to analysts. "Every customer, provide an affordable margin." Aetna CEO Ronald Williams, Aetna stock and 7.6 million options with Aetna President Mark Bertolini rightly movement.

On December 7th, Aetna its 2008 health insurance regulatory filings filed a $ 4.9 billion corrections. New applications shows that Aetna previously reported spending less on health care than small businesses. "On health insurance companies and how consumers figuring care denied and the fact that health and how executive salaries, regulators about how much money to spend to spend on snow, we have a duty to ensure both accurate financial information when people really need it," Sen. Jay Rockefeller, Trade, said Science and Transportation United States Senate Committee Chairman. "Aetna and other insurance very seriously unfortunately such is not taking this task, it seems. My committee has inflicted a full-scale these companies to get exercising their basic reporting obligations disappointed that Congress should launch an investigation." [40]
December 14th, Aetna Medicare buy-in of stocks included in the proposal if the Senate health care reform bill to outlaw threat after Connecticut US Senator Joe Lieberman has increased dramatically.

December 29: Aetna CEO Ron Williams, Aetna has about 7.6 million in stock and options. December 29th October low of $ 8.50 and worth the price earnings Williams business for Aetna shares adds at least $ 37 million.

2010

On February 3, Aetna Connecticut dismissed more than 100 workers. This year in November 2009 160 Connecticut lay off employees of Aetna tracks.
On February 6, Aetna income $ 165.9 million on $ 8.69 billion, or 38 cents reported fourth quarter 2009 net income per share.
Insurers benefited from higher investment income as on April 30, Aetna, a year ago, net income in the first quarter of 2010 compared to the same period announced an increase of 29 percent.
In April, Aetna that Continuum is a contract dispute with Health Partners and Continuing Health Partners contracts with 5 aware of policy that would be accelerated in June 2010. Continuum Health Partners comprises five major New York hospitals: Beth Israel Medical Center, Roosevelt Hospital, St. Luke's Hospital, Long Island College Hospital and New York Eye and Ear Hospital. New yorkers.aetn thousands of years or of much higher costs could mean a result of the June 5 passed and the contract expired contract policy, whichever comes first for a while until it is obliged contract with doctors to maintain in-network this doctor for a policy, expiration historical. Aetna did not inform policyholders of this fact. Continuum Health This provides a form of insurance to make request.. Q. Senator Kirsten Gillibrand needs for the sake of patients, promoting a new three-year deal to re-enter negotiations for the reimbursement rate, saying, "Aetna and continuity to re-enter negotiations asked Health Partners executives of health insurance." In July, the Pratt Institute, 1460 United Federation of Teachers local College, upon termination of the contract Faculty Association has prepared a letter to Aetna expressed their unhappiness.

In June, Crystal Run Healthcare, Orange County, New York, Sullivan County, New York, a 170-physician group practice, it was announced to terminate its contract with Aetna on July 31, 2011. Crystal Run Aetna suggests that, "he said, despite good faith efforts it is not possible to reach an agreement at this time. We contracts pay with whom us less than other commercial health plans. We want to look at every opportunity for patients to make informed choices about the coverage of their health. "Aetna" responsible physician group more than a year so that the alarm patients can have any impact would be for patients previously said it was outstanding. " Replied
On July 27, Aetna companies fell compared to the previous year, the proportion spent on primary medical care for second-quarter profit, reported an increase of 42 percent. Insurers in the same period last year, $ 346.6 million, or 77 cents a share compares with net income for the three months ended June 30. $ 491 million, or $ 1.14 a share earned.
On September 9, Aetna once a 261-acre (1.06 km2) campus is home to approximately 5,000 employees Aetna Middletown, Connecticut in the 1,300,000-square-foot (120,000 m2) has announced to demolish the structure. Aetna will remain despite currently a data center regardless of where future plans, he did not say exactly how to redevelop the site.

2012

In June of 2012, Aetna and Inova Health System, a new health insurance company, announced a joint venture created Innovation Health.

2015

On 3 July 2015, the Aetna will acquire $ 37 billion in cash and stock for the US or US $ 230 share.aetn Humana and Humana announced that shareholders will own 74% and 26% in the new combined company. The acquisition is subject to United States government approval and is expected to be completed in late 2016.