Aetna

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Ahead of midterms, some CT companies offer time off to vote

In this contentious mid-term election, corporations are stepping up their civic responsibility and offering employees time off to vote. Norwalk-based Diageo North America is part of the trend. Meanwhile, Connecticut is among a minority of states that don’t mandate an Election Day time-off policy for workers. Continue Reading →

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Connecticut Insurance Department approves CVS-Aetna merger

The Connecticut Insurance Department has approved CVS Health Corp’s $69 billion merger with Hartford-based Aetna Inc.
The approval is contingent on Aetna completing the sale of its standalone Medicare Part D prescription plan business. Continue Reading →

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Justice Department approves CVS-Aetna merger, with conditions

WASHINGTON –The Justice Department on Wednesday cleared CVS Health Corp.’s planned $69 billion merger with Aetna Inc. after the companies agreed to divest a Medicare prescription drug plan sold by the Hartford-based health insurer. Consumer groups, however, continue to oppose the deal. Continue Reading →

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CVS, Aetna urge Connecticut regulators to approve proposed acquisition

The Connecticut Insurance Department now has 30 days to decide whether to approve CVS Health Corp.’s acquisition of Hartford-based Aetna Inc. – a merger the companies say will drive down health care costs and opponents portray as anti-competitive and harmful to patients. Continue Reading →

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CT lobbies Washington on taxes, riverboats and radio towers

WASHINGTON — While President Donald Trump promised to “drain the swamp,” the lobbying business is thriving, with Connecticut-based companies, non-profits, cities and universities spending a total of about $50 million to influence Congress and the new administration last year. Continue Reading →

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Attacked by Trump, insurers tout economic impact in CT, other states

WASHINGTON — Under attack from President Donald Trump, the nation’s insurers hit back Monday with a report aimed at showing the industry’s impact on the U.S. economy and the economies of every state, including Connecticut, where it said health insurers are a $1.15 billion business. Continue Reading →

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Wade may be fined for withholding records on Aetna-Humana merger

In a proposed ruling, a Connecticut Freedom of Information Commission hearing officer has determined the Insurance Department failed to prove the records were exempt from disclosure and has recommended a rare civil fine against Commissioner Katharine Wade. The commission is scheduled to consider the case June 28. Continue Reading →

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Malloy’s talks with Aetna were one-sided and futile

With flattery and an effort at common ground, Gov. Dannel P. Malloy wrote to Aetna’s chairman, Mark Bertolini, in March, requesting a meeting about how to keep one of the nation’s largest health insurers in Hartford. Malloy acknowledged Wednesday he never got his meeting with Bertolini, just subordinates who never articulated what changes Aetna desired to see in the only corporate home since its founding in 1853. Continue Reading →

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Aetna to quit Iowa’s ACA exchange, may leave all others

WASHINGTON — Aetna announced Thursday it is leaving Iowa’s Affordable Care Act marketplace and is considering abandoning the three remaining state exchanges it sells policies in this year. Aetna’s is the latest in a steady drip-drip-drip of announcements from insurers about their concerns over staying in the ACA’s state exchanges. Continue Reading →

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