Word: aetna
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Dates: during 1990-1999
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...panel discussion last night interspersed with a plethora of sometimes-bizarre metaphors, Harvard Law School Lecturer Jonathan L. Zittrain and AETNA Professor of Public Policy Frederic Michael Scherer argued both sides of the Microsoft anti-trust lawsuit...
...WATCH Last week Aetna and Humana got slammed with class actions for failing to disclose bonuses given to doctors and claims reviewers who kept costs down by restricting patient care. More cases are expected, particularly if Congress allows malpractice suits against HMOs. Meanwhile, HMOs are planning to raise their premiums an average 11% next year, following this year's 6% increase, according to a Sherlock Co. survey. Although HMOs usually scale back these increases, why such a big initial hike? HMOs cite higher drug costs, for one thing, not to mention lawyers' fees...
...insurers will react to all this is unclear. US Healthcare (now merged with Aetna) and some Blue Cross/Blue Shield plans helped bankroll three of the recent studies, an act of good corporate citizenship that seemed to signal a willingness to keep paying for transplant treatments in breast-cancer cases. A doctor working with Kaiser-Permanente, the nation's largest HMO, offers more direct reassurance. "It will be up to the doctor and the patient," predicts oncologist Louis Fehrenbacher...
...wrong age at the wrong time. Since there is less time for their newfangled accounts to grow, many employees in their 40s and early 50s could face the prospect of a 30% to 50% reduction in their final benefits. To ease the transition, some companies, including Citigroup, Aetna and Cigna, are protecting long-serving employees by keeping them on the traditional plan, and others are making higher contributions to older workers' accounts. Kodak is allowing all 35,000 covered employees to choose between the two plans...
...flood of litigation, enrich lawyers, raise the cost of coverage and leave complex and emotional medical decisions to a patchwork of courts and juries. Expanding a patient's right to sue "would probably be the most inflationary change in the history of health care," says David Simon, Aetna's chief legal officer. "You'd be telling people, 'Go sue like crazy. Make $89 million verdicts routine...