As Aetna changes its home address from Farmington Avenue in Hartford to Ninth Avenue in New York City, the company plans to keep nearly all of its jobs in Connecticut and continue playing a corporate jurisdictional game that will allow it to remain in the state’s friendlier regulatory environment.
Aetna’s chairman and chief executive, Mark Bertolini, told his employees Friday that designating another city as the company’s headquarters would have a “minimal impact” on the “vast majority” of employees in Hartford.
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.
WASHINGTON — The nation’s health insurers are weighing the GOP’s newly released bill to replace the Affordable Care Act, which contains things they wanted – and some things they may not like, but for now keeping their opinions to themselves. “If they are smart, they are going to remain silent and let the legislation take its course,” said Rep. John Larson, D-1st District.
WASHINGTON — Aetna CEO Mark Bertolini said the insurer isn’t likely to expand its participation in state exchanges in 2018. Bertolini said he is working with the Trump administration on a transition to an ACA replacement.
WASHINGTON — The day after a federal judge dealt a crusing blow to Aetna’s plans to merge with Humana, the insurance companies’ CEOs said they were still mulling over whether to appeal the decision.
Updated at 6:35 p.m.
WASHINGTON — Justice Department attorneys on Monday continued to try to undercut arguments by Aetna CEO Mark Bertolini that his company’s Medicare Advantage program competes with government-run Medicare.
Updated at 4:57 p.m.
WASHINGTON — Opening salvos were fired Monday in the antitrust case against the proposed merger of Aetna and Humana, with Justice Department attorneys arguing the tie-up would mean sharp price hikes for Medicare Advantage plans and a disintegration of choice for people purchasing insurance on Affordable Care Act exchanges.
WASHINGTON– Caught off guard by the political changes that make possible the repeal of the Affordable Care Act, the nation’s insurers are hoping Congress will replace the health care law with something that allows them to stay in business – and even thrive. “The discussion right now about repeal and replacement is making the (insurance) market very, very nervous,” Washington State Insurance Commissioner Mike Kreidler, a Democrat, said.
WASHINGTON — The Affordable Care Act is facing more challenges than at any time since its initial enrollment period in 2013, when the program was bedeviled by technical glitches. Besides rising premiums and fewer choices in Connecticut and elsewhere, there’s uncertainty a new Congress and a new administration will make fixes to the ACA that will improve its health.
Updated at 5:12 p.m.
WASHINGTON — A group of liberal senators and Aetna CEO Mark Bertolini continued their battle Friday, with the lawmakers accusing the insurance executive of avoiding their questions about Aetna’s decision to quit 11 health insurance exchanges.
Updated 5:27 p.m.
WASHINGTON – In a strongly worded letter to Aetna CEO Mark Bertolini, Sen. Elizabeth Warren and several other Democrats, including Sen. Bernie Sanders, have asked the company to explain why it entered into a “risky” merger deal with Humana that now makes it financially unable to sell policies in 11 state health insurance exchanges.
WASHINGTON — Aetna CEO Mark Bertolini told the Justice Department the insurer would have to pull back from the Affordable Care Act’s state insurance exchanges if a proposed merger deal with Humana was not approved, provoking strong reaction on Capitol Hill.
WASHINGTON — Aetna and Humana said Tuesday they have an agreement to sell Medicare Advantage business covering 290,000 people to rival insurer Molina if their planned merger is allowed to be completed. Aetna also said it is halting 2017 plans to expand participation on public exchanges and is reviewing all of its current participation on Affordable Care Act exchanges.
WASHINGTON — The Connecticut Insurance Department has signed off on Aetna’s proposed merger with Humana, but other hurdles remain for that deal and another merger proposed by Cigna and Anthem.