Word: aetna
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...companies under pressure, no cut is too small. Aetna, the nation's largest health-insurance provider, told its Bluebell, Pa., employees that they'll have to start paying for coffee and tea. And for the stressed-out folks at Xerox, fresh bagels no longer grace morning meetings. A Xerox manager asked his group to limit, of all things, the number of copies by using both sides of the paper. Which suggests that along with the losers in the current slowdown, there may be one unexpected winner--trees...
...England might not have had slavery, but it sure made a lot of money with all the businesses centered here. Aetna, for example, sold insurance to slave owners for their slaves. And most people in New England never think of this legacy of slavery," he said...
...population. Their arguments are three-fold: First, that the drug is far safer than a traditional surgical procedure, given its lower rate of complications. Second, that although the cost of RU-486 is comparable to the cost of a surgical abortion, the nation's largest insurance companies (including Aetna, Inc. and Cigna Corporation), have announced their intention to incorporate the pill as part of their standard coverage. Most significantly, these staunch supporters believe that RU-486 will help to erase the moral stigma associated with abortion in today's society. The pill privatizes the procedure by taking the intense focus...
From a career standpoint, Donaldson, 68, needs this job like an attack of angina. He's a walking legend on Wall Street and founding dean of Yale University's business school. He's been on Aetna's board since 1977, and insists that he's boss for the long haul: "I want to take a fresh look at this business and not be locked into old thinking...
That means, first and foremost, altering Aetna's aggressive corporate culture, which has felt free to second guess doctors' decisions. "We have the scale and scope to be a really good business. But we should be managing by exception--our presumption should be that 80% to 90% of the medical community is doing a good job." Aetna may follow the lead of United HealthCare, which last fall ended precertification--the infuriating process by which doctors must get approval from a distant voice on the phone for many tests and treatments...