Tag Archives: aetna

Aetna goes to paper ID Cards

 

aetna sign

Released by Aetna on 3/22:

We want you to know about a change we’re making to our medical plans in 2017. This information will help notify your clients and their members about this change.

Read more ...

Aetna negotiations with Barnabas Health in NJ

aetna over barnabas health

Aetna continues negotiations with Robert Wood Johnson (RWJ) Barnabas Health in New Jersey.  However, to meet regulatory requirements and customer commitments, letters will be sent to Providers and Members notifying them of the termination date as follows:

Read more ...

AETNA COVENTRY leaves SC individual Market

As expected, AETNA/Coventry is leaving the South Carolina individual medical market as of January 1.  This has a couple of important ramifications.   For more on their nationwide pullout of Obamacare, click here.

IMPACTS-  

  1.  IF you have AETNA/Coventry individual Coverage now-   you will have to make a new choice for January 1, and we will help with that.
  2. THIS leaves only two carriers in the state for next year – Blue Cross and Blue Choice, which ALSO means….
  3. IF you need MUSC as a hospital, now would be the time to talk to your providers, and get their recommendation on who to go to going forward.  MUSC has refused to do a contract with the Blues on the individual market and you WILL NOT BE ABLE to use them next year, unless something changes.

Just as a reminder, the Affordable Care Act was going to let you “…keep your doctors and hospitals if you want to.”  Love my job.

Big Plan mergers not done deal.

The chief executive officers of Aetna Inc. and Anthem Inc. are confident that their planned acquisitions of rivals Humana and Cigna, respectively, will go forward. Shareholders have approved the $54.2 billion and $47.5 billion transactions, and both are expected to close in the second half of the year.

Yet a closer look at how the Department of Justice is treating such megamergers suggests that the sailing may not be quite so smooth.

A recent report from law firm Gibson Dunn & Crutcher LLP reveals that antitrust enforcement is growing, with 2015 a “banner year for [Department of Justice] merger enforcement efforts.” In fact, antitrust enforcement agencies brought an average of 34 merger enforcement ations per year, increasing to 41 between 2010 and 2012.

Going forward, Gibson Dunn believes federal agencies will “continue to challenge transactions at a relatively high rate.”

While the Justice Department is still reviewing the Aetna-Humana and Anthem-Cigna mergers, it has set a precedent of objecting to high-profile merger proposals in other sectors. General Electric and AB Electrolux called off their deal in December, as did Tri-Union Seafoods and Bumble Bee Foods, after the Department objected to them on the basis of reduced competition.

For the full article click here.

Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambriudge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
FINRA.org - SIPC - Brokercheck