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Aetna Government Health Plans of Hartford, Conn., appears to have gained an unfair advantage in competing for TRICARE’s North Region support contract, valued at $16.7 billion, by hiring a former chief of staff at TRICARE headquarters to help the company draft its winning proposal.
Some laid-off Aetna employees complained this week that the company is planning to pay them only 50 percent of their accrued days of paid time off, and Attorney General Richard Blumenthal asked the company for an explanation in a letter he sent Friday.
Zacks Analyst Blog Highlights: Aetna Inc., UnitedHealth Group Inc., WellPoint Inc., Assurant Inc. and Cigna Corp
Aetna and the parent company of Hartford Hospital, MidState Medical Center in Meriden and Windham Hospital have reached an agreement on reimbursement rates, ending the possibility that the hospitals would leave the insurer's network.
Aetna Inc. and Hartford Healthcare, the corporate parent of Hartford Hospital, MidState Medical Center in Meriden, and Windham Community Memorial Hospital, say they have resolved a contract dispute that threatened to force thousands of Aetna customers to other hospitals for non-emergency care.
Sometimes it is hard to remember that the person on the other end of the phone line is not the enemy, but staying calm can help.
NEW YORK (AP) -- Shares of some top managed care companies were mixed at the close of trading: Aetna fell $.29 or 1.0 percent, to $28.40. CIGNA rose $.19 or .6 percent, to $30.03. Coventry Healthcare fell $.09 or .4 percent, to $22.54. Humana fell $.39 or 1.0 percent, to $40.44. UnitedHealth fell $.07 or .2 percent, to $28.56. WellPoint unchanged at $52.14.
Another week of painful job cuts in several industries.
WASHINGTON — The number of newly laid-off workers seeking unemployment insurance was unchanged last week, remaining above the level that would indicate the economy is adding jobs.
Aetna shares tumbled after the company announced a 2% job-force reduction.
Aetna Government Health Plans of Hartford, Conn., appears to have gained an unfair advantage in competing for a $16.7 billion contract by hiring a former chief of staff at Tricare headquarters to help draft a winning proposal.
Nov. 20 (Bloomberg) -- Louisiana Senator Mary Landrieu, one of three lawmakers being wooed by Senate Democratic leaders to back health-care legislation, won the inclusion of an extra $100 million in federal aid for low-income people in her state.
NEW YORK (AP) -- Shares of some top managed care companies are down at noon: Aetna fell $.16 or .6 percent, to $28.53. CIGNA fell $.07 or .2 percent, to $29.77. Coventry Healthcare unchanged at $22.63. Humana fell $.44 or 1.1 percent, to $40.39. UnitedHealth fell $.01 or percent, to $28.62. WellPoint fell $.21 or .4 percent, to $51.93.
Aetna will shed 1,250 jobs.
(Adds details about WellPoint's job cuts.) Aetna Inc. (AET) isn't the only health insurer paring its work force as the managed-care industry faces rising medical costs, enrollment pressures and a competitive marketplace.
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