Seeking Alpha

An Ohio court backs a request from Aetna (AET +1.2%) to stop the state from proceeding with...

An Ohio court backs a request from Aetna (AET +1.2%) to stop the state from proceeding with lucrative Medicaid contracts that were tentatively awarded to five health plans. Aetna's lawsuit follows the state awarding the firm a contract in April but then backtracking on it this month.
Comments (3)
  • chris293
    , contributor
    Comments (194) | Send Message
     
    How can politicians or even religious leaders make laws to run financial institutions and good old everyday businesses when they are working from a non-profit concept of service. In the 1800's, people had a good reason to be honest, or you might hear someone say, 'where the rope?' Of course, we don't do that today, but there is no logic for bailouts when the good parts of a company can survive and you get rid of the parts pulling a company down. Maybe, i am venting on the present day problems. I should have done this years ago, what do you think?
    27 Jun 2012, 06:24 PM Reply Like
  • jeanewight
    , contributor
    Comments (346) | Send Message
     
    Aetna lost many points in experience - one criteria for judging applicants - for not providing full liability for certain plans with other states.

     

    5.1B awarded by govt. to healthcare providers in year ending 6/11 -
    lots at stake, which is why AET wants a review of process, which it said was changed retroactively.
    28 Jun 2012, 07:50 AM Reply Like
  • jeanewight
    , contributor
    Comments (346) | Send Message
     
    long AET
    28 Jun 2012, 07:51 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector