Aetna

                  Aetna, Inc. /ˈɛtnə/  can be   a good  American managed health care company,  that  sells traditional  AND ALSO   consumer   routed  health care insurance plans  AS WELL AS  related services,  such as  medical, pharmaceutical, dental, behavioral health, long-term care,  AND ALSO  disability plans. Aetna  is usually a  member  of any  Fortune 100.

Contents   

1 Members

2 Lobbying  AND  campaign contributions

3 Quality  regarding  care

4 Current leadership

5 Operations

6 History

6.1 Timeline

7 Fines, lawsuits  AS WELL AS  settlements

7.1 1999

7.2 2000

7.3 2001

7.4 2002

7.5 2003

7.6 2007

7.7 2009

7.8 2010

8 Life insurance policies  with  slaves

9 See also

10 References

11 External links

Members

Aetna  gives  health care, dental, pharmacy, group life, disability,  AND  long-term care insurance  IN ADDITION TO  employee benefits, primarily  throughout  employer-paid (fully  or perhaps  partly) insurance  AND  benefit programs,  AS WELL AS   throughout  Medicare.  Sign in  numbers: (as  of  June 30, 2013)[citation needed]

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 ALSO  specialists

5,300+ — hospitals

Lobbying  ALONG WITH  campaign contributions

Aetna  has  spent  greater than  $2.0  mil   inside  2009  on  lobbying.  this company  spent $809,793 between January 2009  and the  end  involving  March 2009—up 41 percent  with the  same period  within  2008.  Aetna's campaign contributions include  in excess of  $110,000  in order to   us all  Senator Joe Lieberman (ID-CT)  with  2009.  by  2005  while in  2009, Aetna contributed $56,250  in order to  Senator Max Baucus (D-MT), chairman  of any  Senate Finance Committee,  bringing in  Aetna  ones  senator's seventh highest contributor  over   That   date  period.

Quality  of  care

In  your  California Health Care Quality  document   CARDS  2011 Edition, Aetna  obtained   a couple of  out  involving  4 stars  with  Meeting National Standards  of  Care  AS WELL AS  1 out  of  4  within  Members Rate  its  HMO.  for the  California Health Care Quality  record   CARD  2010 Edition,  Aetna  acquired   3  out  associated with  4 stars  throughout  both Meeting National Standards  involving  Care  AND ALSO  How Members Rate  the  HMO,  intended for   the  rating  associated with  "Good" (out  connected with  "Poor,  inch  "Fair,  inch  "Good,  inch   or even  "Excellent").

Current leadership

Mark Bertolini became CEO  connected with  Aetna  in  November 29, 2010,  AND ALSO  chairman  on  April 8, 2011.

Karen S. Lynch (Rohan)  could be the  President  associated with  Aetna.

Steven B. Kelmar  will be  Executive Vice President  of  Corporate Affairs  IN ADDITION TO  Chief  associated with   a worker   for the  CEO  ALONG WITH  Chairman, Mark Bertolini.

William J. Casazza  is usually  Executive Vice President  ALONG WITH  General Counsel.

Richard DI Benedetto  will be  Executive Vice President  inside  charge  connected with  Aetna International.

Deanna Fidleris Executive Vice President  in  charge  regarding  Human Resources.

Shawn M. Guertin  can be  Executive Vice President, CFO  AND  Chief Enterprise Risk Officer.

Dijuana Lewis  is  Executive Vice President  with  charge  associated with   user   products   IN ADDITION TO  Enterprise Marketing.

Meg McCarthy  will be  Executive Vice President  involving  Operations  AND ALSO  Technology.

Harold L. Paz, M.D.,M.S.  is  Executive Vice President  ALONG WITH  Chief Medical Officer.

Fran S. Soistman  can be  Executive Vice President  in  charge  connected with  Government Services

Joseph M. Kuznetsk  is actually  Senior Executive Vice President  with  charge  associated with  Healthcare.

Operations

In 2005,  the organization  had $1.1  thousand   inside  earnings. Aetna's 2007 revenue, reported  throughout  2008,  are  $27.6 billion. Aetna's 2008 revenue, reported  with  2009,  are  $31 billion. Aetna's 2012 revenue, reported  in  2013,  feel  $35.54 billion.

History

Aetna  will be the   straight  descendant  associated with  Aetna (Fire) Insurance Company,  regarding  Hartford, Connecticut.  your own   name   was   designed to  invoke Mount Etna,  for the   night out  Europe's  many  active volcano.

Timeline

1810s

1819 Henry Leavitt Ellsworth, Yale graduate  IN ADDITION TO  attorney, becomes second president  regarding  Aetna (Fire) Insurance Company, succeeding Thomas Kimberly Brace. Ellsworth,  which  later became  your own   initial  U. S. Patent Commissioner, served  As  Aetna's president  intended for   only two   many years  until 1821,  Whenever  he resigned, but Ells worth continued  as being a  director  with regard to  another 16 years. Ells worth's brother, William Wolcott Ells worth,  also  served  as being a  director,  as well as the   company\'s   very first  General Counsel.

1850s

The Aetna building  with  Hartford

1850 Aetna began operation  of a  Annuity Fund  for you to  sell life insurance, choosing Hartford, Connecticut judge Caliphate Adams Berkeley,  exactly who   \'m   a  general counsel  towards the   business   AND ALSO   in   it\'s  board  connected with  directors,  in order to  head it.  with the  time,  several  church leaders  AND ALSO  others believed life insurance  feel  sinful.

1853  your current  Annuity  team  separated  via  Aetna Insurance  in order to   always be  incorporated  In the same way   your current  Aetna Life Insurance Company,  in  Caliphate Berkeley  As  president.

1854 Aetna hired  its   initial  full-time employee, Thomas O. Endears, later  for you to   become   corporation  president.

1857 Aetna moved  to  new offices  on  Hunger ford  IN ADDITION TO  Cone Streets  with  Hartford.  ones  Panic  involving  1857 struck Hartford  along with the  nation, causing  the  closing  involving   almost all  but  one   Lender   AS WELL AS   a lot of   other  businesses. Caliphate Berkeley blocked  a  move  in order to  liquidate  the corporation   through   your current  economic downturn.

The Aetna Insurance  business   supplied  life insurance policies  with   a great  undetermined  number   regarding  African-American slaves, naming  their  owners  As  beneficiaries.

1860s

1861 Aetna began offering participating life insurance policies  in which  paid dividends  to help  policyholders  In the same way   your own  mutual life insurance policies did. Aetna  released   its  new  items   that has a  promotional effort  similar to  higher commissions  for the  agents  though   many   products and services  were cutting back  to its  outbreak  of an  American Civil War  and the  consequent loss  regarding  premium  payments   coming from  Southern policyholders. However,  your  death toll  of any  war coupled  through the  booming wartime economy caused  a  expansion  of an  life insurance  firm   to be able to  match Aetna's expansion.

1865  via  1864 Aetna had increased  their   sum   involving   company   from  600%  over  1861  AND ALSO   it is  annual premium  dollars  ninefold, exceeding  single   million  dollars.  being a  result, Aetna possessed  the  financial  safety measures   IN ADDITION TO  resources  This   instructed to  meet  your own  stringent regulatory  Needs  placed  with  life insurance  services   in  Massachusetts  AND  New York;  from  1865  this company   feel   allowed   to help  begin soliciting  firm   throughout   these  states.

1867  corporation   dollars  rose  coming from  $78,000  within  1861  to help  $5,129,000  via  1867. Aetna moved  to its  third  secret headquarters   on  670 Main Street, Hartford.  via  1924, Aetna had 94  zillion  dollars, 43%  associated with   their  assets, invested  throughout  farm mortgages.

1868 Aetna altered  the   firm  practices,  hiring   it\'s   1st  actuary  IN ADDITION TO  abandoning  your  half-note premium  method   within  favor  of the  all-cash premium plan.