Aetna - insurance companies

Aetna, Inc. /ˈɛtnə/ is an American managed health care company, which sells traditional and consumer directed health care insurance plans and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans. Aetna is a member of the Fortune 100.

Website https://www.aetna.com/

Aetna - insurance companies in USA

Members

Aetna offers health care, dental, pharmacy, group life, disability, and long-term care insurance and employee benefits, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare. Membership numbers: (as of June 30, 2013)

22 million—medical members
14.3 million—dental members
13.8 million—pharmacy members
13.609 million—group insurance members
1,000,000+ — health-care professionals
597,000+ — primary-care doctors and specialists
5,300+ — hospitals

Lobbying and campaign contributions

Aetna has spent more than $2.0 million in 2009 on lobbying. The company spent $809,793 between January 2009 and the end of March 2009—up 41 percent from the same period in 2008.Aetna's campaign contributions include more than $110,000 to US Senator Joe Lieberman (ID-CT) in 2009.From 2005 through 2009, Aetna contributed $56,250 to Senator Max Baucus (D-MT), chairman of the Senate Finance Committee, making Aetna the senator's seventh highest contributor over that time period.

Quality of care

In the California Health Care Quality Report Card 2011 Edition, Aetna received 2 out of 4 stars in Meeting National Standards of Care and 1 out of 4 in Members Rate Their HMO. In the California Health Care Quality Report Card 2010 Edition,Aetna received 3 out of 4 stars in both Meeting National Standards of Care and How Members Rate Their HMO, for a rating of "Good" (out of "Poor, " "Fair, " "Good, " or "Excellent").

Current leadership

Mark Bertolini became CEO of Aetna on November 29, 2010, and chairman on April 8, 2011.
Karen S. Lynch (Rohan) is the President of Aetna.
Steven B. Kelmar is Executive Vice President of Corporate Affairs and Chief of Staff to the CEO and Chairman, Mark Bertolini.
William J. Casazza is Executive Vice President and General Counsel.
Richard di Benedetto is Executive Vice President in charge of Aetna International.
Deanna Fidleris Executive Vice President in charge of Human Resources.
Shawn M. Guertin is Executive Vice President, CFO and Chief Enterprise Risk Officer.
Dijuana Lewis is Executive Vice President in charge of Consumer Products and Enterprise Marketing.
Meg McCarthy is Executive Vice President of Operations and Technology.
Harold L. Paz, M.D.,M.S. is Executive Vice President and Chief Medical Officer.
Fran S. Soistman is Executive Vice President in charge of Government Services
Joseph M. Zubretsky is Senior Executive Vice President in charge of Healthagen.

Operations

In 2005, the company had $1.1 billion in earnings. Aetna's 2007 revenue, reported in 2008, was $27.6 billion. Aetna's 2008 revenue, reported in 2009, was $31 billion. Aetna's 2012 revenue, reported in 2013, was $35.54 billion.

History

Aetna is the direct descendant of Aetna (Fire) Insurance Company, of Hartford, Connecticut.The name was meant to invoke Mount Etna, at the time Europe's most active volcano.

Life insurance policies on slaves

In 2000 Deadria Farmer-Paellmann, head of the nonprofit Restitution Study Group of Hoboken, New Jersey, disclosed that from approximately 1853 to approximately 1860 Aetna had issued life insurance policies to slaveowners covering the lives of their slaves.

Aetna acknowledged that concrete evidence exists for Aetna issuing coverage for the lives of slaves and released a public apology.

In 2002, Farmer-Paellmann brought suit against Aetna and two other companies in federal court asking for reparations for the descendants of slaves. The lawsuit said Aetna, CSX and Fleet were "unjustly enriched" by "a system that enslaved, tortured, starved and exploited human beings. " It argued that African-Americans are still suffering the effects of 2½ centuries of enslavement followed by more than a century of institutionalized racism. The complaint blamed slavery for present-day disparities between blacks and whites in income, education, literacy, health, life expectancy and crime.

This suit was denied, and the denial largely upheld on appeal

In 2006, Farmer-Paellmann announced a nationwide boycott of Aetna over the issue of reparations for its policies covering slaves. Aetna stated that its commitment to diversity in the workplace and its investment of over 36 million dollars in such areas as education, health, economic development, community partnerships, and minority-owned business initiatives in the African-American community is more effective at aiding descendants of slaves and African-Americans in general than making restitutions for Aetna's life insurance policies on slaves


Information taken from the site wikipedia