AETNA AWARDS GRANTS TOTALING APPROXIMATELY $340,000 TO 17 CHICAGO AREA ORGANIZATIONS (click here)
CHICAGO, October 19, 2007 – Aetna (NYSE: AET) and the Aetna Foundation announced that they have just completed their 2007 local grant-making process and awarded grants totaling nearly $340,000 to 17 non-profit organizations in the Chicago area. The amounts and recipients of the grants are:...
This is exactly the problem with American Health Care. They don't care about subscribers, they care about profit and FAVORABLE image. Aetna is only the first to act punitively against Americans, who will be next?
All Americans that can, should apply to Aetna, to see if they are accepted and why or why not. (click here) Then report it to the Executive Branch, the Senate and House and the Labor, Commerce and Treasury Department as to the underhanded tactics of Aetna.
Aetna don't really want you to choose and use your plan, it is all faux sentiment.
The legislature and ultimately the President of the USA needs to insure a good public option AND 'a trigger' to a Single Payer System with expectations of instituting it.
This is going to happen. The health insurance companies will spin their wheels doing all sorts of nasty stuff to their subscribers and the American public in general to make everyone regret tackling health care reform. That being the case the USA government needs to have 'in place' a Single Payer System when the insurance companies become to big for their britches. AT THE VERY LEAST, all tax incentives to donate for reductions in tax burdens needs to be repealsed by this industry alone. Why? Because it is all image making when they should be paying the bills of Americans. It is a mismanaged industry and we all know it.
No different than Wall Street. If they borrowed monies from the USA Treasury then they need to stop taking tax refunds for their donations AND their pay bonuses. If they want to exist in this country in this methodolgy, that's fine, they simply can't take tax cuts and advantages unless they are first doing 'good work' for the USA economy. I mean it.
Insurance Companies should not have to advertise, they will receive mandates to change and are expected to institute them. They will have more subscribers than they know what to do with once the legislation goes through. Advertising will become a frivilous need as they won't have to shop for subscribers without medical problems, they will run to the doorsteps of companies with good plans. They waste the American peoples' money by allowing such companies to build a faux image rather than carry out their responsibilites. No more tax advantages or tax cuts so long as the industry members act in ruthless ways that kill Americans and make them sicker.
December 4th, 2009 1:49 PM
Aetna Forcing 600,000-Plus To Lose Coverage In Effort To Raise Profits (click title to entry - thank you)
By Sam Stein / Huffington Post
Health insurance giant Aetna is planning to force up to 650,000 clients to drop their coverage next year as it seeks to raise additional revenue to meet profit expectations.
In a third-quarter earnings conference call in late October, officials at Aetna announced that in an effort to improve on a less-than-anticipated profit margin in 2009, they would be raising prices on their consumers in 2010. The insurance giant predicted that the company would subsequently lose between 300,000 and 350,000 members next year from its national account as well as another 300,000 from smaller group accounts.
"The pricing we put in place for 2009 turned out to not really be what we needed to achieve the results and margins that we had historically been delivering," said chairman and CEO Ron Williams. "We view 2010 as a repositioning year, a year that does not fully reflect the earnings potential of our business. Our pricing actions should have a noticeable effect beginning in the first quarter of 2010, with additional financial impact realized during the remaining three quarters of the year."...
