Friday, December 04, 2009

here's what aetna is up to

and believe me 600,000 is A LOT of people to drop coverage on. that is almost unheard of in the biz

my company had aetna coverage for YEARS and YEARS. next year we're going with another insurer. i'm not sure if it was MY company's decision or aetnas. i'm guessing it was my company and they did it because they found someone cheaper.

companies like mine will never have a problem insuring their employees. we have several thousand people. companies like mine make up 300,000 of the aetna dumps. the other 300,000 are smaller companies. now THEY WILL have a hard time. you get one employee with a significant health problem and that's all she wrote.


Aetna Forcing 600,000-Plus To Lose Coverage In Effort To Raise Profits

Sam Stein

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............

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