AET - Aetna Inc

Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management services, dental, behavioral health, and vision plans on an insured basis, as well as an employer-funded or administrative services contract basis. It also provides point-of-service, preferred provider organization, health maintenance organization, and indemnity benefit plans, as well as health savings accounts and consumer-directed health plans. In addition, this segment offers Medicare and Medicaid products and services, as well as other medical products, such as medical management and data analytics services, medical stop loss insurance, workers' compensation administrative services, and products that provide access to its provider networks in select geographies. The Group Insurance segment offers life insurance products, including group term life insurance, voluntary spouse and dependent term life insurance, group universal life insurance, and accidental death and dismemberment insurance; disability insurance products; and long-term care insurance products, which provide the benefits to cover the cost of care in private home settings, adult day care, assisted living, or nursing facilities. The Large Case Pensions segment manages retirement products, including pension and annuity products primarily for tax-qualified pension plans. The company offers its products to employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Aetna Inc. was founded in 1853 and is based in Hartford, Connecticut.

 

Lots of drama here in the recent days, but there is more to the story than what we thought originally.

It begins with:

Insurer Exits From Obamacare Turn Few Choices Into None
http://www.bloomberg.com/news/artic...its-from-obamacare-turn-few-choices-into-none

So poor AET originally says they are just making enough money! Even though the stock and the entire sector are just off all time highs on the longer term charts, they are crying about not enough profits.

BUT, there is more to the story:

Aetna CEO to feds: Allow Humana deal — or else
http://www.bizjournals.com/louisvil...na-ceo-to-feds-allow-humana-deal-or-else.html

Yeah, this is just a way of saying "screw you for not letting us come closer to a complete monopoly!"

This story is far from over, but I have a feeling that this kind of dickery is what the public needs to see to push through a single payer option, which will put an end to this nonsense.