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Aetna drops HMO for small businesses. (In the News).

After losing $30.6 million on its HMO product in Colorado during the first three quarters of 2001, Aetna U.S. Healthcare has announced that it will cease offering its HMO plan to Colorado small businesses after May 31, 2002. The decision will affect almost 100,000 plan members. Aetna was a popular

HMO option for small businesses in the state, because the plan's prices were low compared with those of other HMOs. Aetna's low pricing, however, resulted in heavy financial losses for the company.

In addition, make sure to read these articles:

  • New England HMOs Still Own 48% of Health...
    • Business/Health & Medical Writers KENNEBUNK, Maine--(BW HealthWire)--July 14, 2000 Consolidation of New England's managed care industry accelerated in 1999. Insurance regulators adopted and enforced more ......
  • S&P Assigns 'A' Rtgs to Aetna Inc's Managed...
    • Business Editors NEW YORK--(BUSINESS WIRE)--Standard & Poor's March 23, 2001-- Standard & Poor's today assigned its single-'A' counterparty credit and financial strength ratings to Aetna ......
  • S&P Revises Watch Status of Aetna Inc. and...
    • Business Editors NEW YORK--(BUSINESS WIRE)--Standard & Poor's July 20, 2000-- Standard & Poor's today revised the CreditWatch status of its ratings on Aetna Inc. (Aetna) ......
  • Insurance Department Agrees with FMA Concerns...
    • TALLAHASSEE, Fla.--(BUSINESS WIRE)--July 24, 1998---In a ruling this week, the Florida Department of Insurance (DOI) agreed with charges presented by the Florida Medical Association (FMA) ......
  • Insurance Department Agrees with FMA Concerns...
    • TALLAHASSEE, Fla.--(BUSINESS WIRE)--July 24, 1998---In a ruling this week, the Florida Department of Insurance (DOI) agreed with charges presented by the Florida Medical Association (FMA) ......
  • Back to School in Good Health; Aetna U.S.
    • WALNUT CREEK, Calif.--(BUSINESS WIRE)--Sept. 10, 1998-- A Message for All "Gap" Teens and Their Parents As 13-year-olds and their parents are gearing up for the ......
  • Grey, McKinney Advance
    • Final presentations next week for Aetna/U.S. Healthcare's $40-50 million account ......
  • Changing Aetna Contacts Shops
    • Aetna, under new management and undergoing a restructuring, has contacted shops about its estimated $40-50 million account, sources said.
  • Jury Awards $1.855 Million in Case Against Aetna U.
    • PHILADELPHIA--(BUSINESS WIRE)--Jan. 25, 1999--A federal jury awarded Brokerage Concepts, Inc. (BCI), a King of Prussia insurance brokerage firm, a total of $1,855,000 in the retrial ......
  • MEDICARE HMO COVERAGE DOWN IN 2001.
    • Because of service area reductions or plan withdrawals in 2001, 15 percent of enrollees in Medicare+Choice plans, or 934,000 enrollees, will lose coverage. Almost half ......
  • It's McKinney vs. Grey for Aetna
    • McKinney & Silver has advanced to the final round of Aetna/U.S. Healthcare's $40 million review.
  • Waylon Does Its Part For Aetna
    • Real people whose maladies have been successfully treated with a helping hand from Aetna/U.S. Healthcare are featured in a fall TV campaign from Waylon Ad ......
  • 24 NY-Area Hospitals Sue Aetna U.S. Healthcare,...
    • Business/Health Editors, Legal Writers GREAT NECK, N.Y.--(BW HealthWire)--May 30, 2000 The following is an announcement by the law firm of Garfunkel Wild & Travis, P.C.: ......
  • Aetna to restructure businesses; Record 1996 third...
    • HARTFORD, Conn.--(BUSINESS WIRE)--Oct. 10, 1996-- -- $32 Million After-Tax Charge in Third Quarter Related to Retirement Services -- -- $275 Million After-Tax Charge in Fourth ......
  • Corporate Profile for Aetna Inc., dated Oct. 1,...
    • --(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also ......
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