Aetna, Inc. (AET) - NYSE
  • Mar. 6, 2014, 9:07 AM
    • As flagged, the White House has said consumers will be able to keep healthcare coverage that doesn't meet the standards laid down under Obamacare until October 2017 if their states permit it.
    • The plans were originally supposed to have been canceled at the end of last year, but were given a reprieve following an uproar.
    • The latest extension prevents a new set of cancellations before the mid-term elections later this year.
    • More on Obamcare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 6, 2014, 9:07 AM | 3 Comments
  • Mar. 5, 2014, 9:07 AM
    • The White House is set to allow consumers to extend health-insurance coverage that doesn't comply with Obamacare to beyond the end of this year, Reuters reports.
    • The government could even allow the plans to be lengthened for another three years, which would postpone any cancellations to after the 2016 presidential election.
    • Last autumn, insurers canceled coverage for millions of people because of the non-compliance of their plans, causing uproar and prompting President Obama to allow ineligible coverage for another year.
    • Insurers weren't happy about the original u-turn and might not be too pleased with the latest one, due to fears about the impact on risk profiles.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH .ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 5, 2014, 9:07 AM
  • Feb. 28, 2014, 2:03 PM
    • Aetna, Inc. (AET) declares $0.225/share quarterly dividend, in line with previous.
    • Forward yield 1.23%
    • Payable April 25; for shareholders of record April 10; ex-div April 8.
    | Feb. 28, 2014, 2:03 PM
  • Feb. 23, 2014, 4:14 AM
    • The Centers for Medicare & Medicaid Services has proposed cutting 2015 base payment rates for the Medicare Advantage program for senior citizens by 3.55%.
    • The proposal is subject to negotiations, with a final decision due in April.
    • "The final cut may be bigger, as the proposed rate doesn't take into account adjustments required by the Affordable Care Act," says Bloomberg Industries analyst Michael Manns.
    • Last year, the government increased 2014 base payments by 3.3% after initially proposing a 2.2% fall, although actual payments are falling 6.7% due to a new Obamacare tax and sequestration.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Feb. 23, 2014, 4:14 AM | 10 Comments
  • Feb. 10, 2014, 2:19 PM
    • Arena Pharmaceuticals (ARNA +4.9%) and Japanese partner say their Belviq weight loss drug will be available to more people thanks to an agreement with pharmacy benefits manager CVS Caremark (CVS +0.6%), which means more than half of all Americans with insurance should now have access to the drug.
    • Aetna (AET) recently announced it would offer Belviq as a preferred brand to eligible patients as part of its pilot program to self-insured plan sponsors.
    • Belviq is approved for use in adults who are obese or who are overweight and have at least one serious medical condition, such as diabetes or high cholesterol.
    | Feb. 10, 2014, 2:19 PM
  • Feb. 6, 2014, 2:56 PM
    • Aetna (AET -0.3%) expects to lose money in the first year of its business in the Obamacare marketplaces this year, with the demographics of enrollees skewing slightly more than expected toward people likely to rack up higher costs, CEO Mark Bertolini says in today's earnings call.
    • AET, which is participating in consumer exchanges in 17 - more than any other carrier - says it has signed up ~135K paid members through the end of January out of nearly 200K who began the enrollment process.
    • The comments add to a mixed picture from insurers on the new health exchanges: WellPoint (WLP +0.9%) has said the risk pool of the group generally is matching its expectations, while Humana (HUM +0.8%) has warned that the risk profile likely would be worse than it had originally projected.
    | Feb. 6, 2014, 2:56 PM | 7 Comments
  • Feb. 6, 2014, 7:20 AM
    • Aetna (AET) net profit almost doubles to $369M from $190M a year earlier, boosted by the acquisition of Coventry Healthcare.
    • Aetna's total medical benefit ratio edged down to 83.9% from 84.1%.
    • Membership rose to 22.19M at the end of 2013 from 18.24M a year earlier. Aetna expects to add 110,000 new private Medicare customers in in Q1.
    • Reiterates 2014 operating EPS guidance of at least $6.25 a share. (PR)
    • Previous
    | Feb. 6, 2014, 7:20 AM
  • Feb. 6, 2014, 6:01 AM
    • Aetna, Inc. (AET): FQ3 EPS of $1.34 misses by $0.05.
    • Revenue of $13.18B (+47.1% Y/Y) beats by $40M.
    | Feb. 6, 2014, 6:01 AM
  • Feb. 6, 2014, 12:05 AM
  • Feb. 5, 2014, 5:30 PM
    | Feb. 5, 2014, 5:30 PM | 1 Comment
  • Jan. 27, 2014, 7:14 AM
    • Insurers, patients and other payers are pushing back against what they believes is the exorbitant fee that Gilead (GILD) is charging for its new hepatitis C drug Sovaldi.
    • Previously: Pfizer lung-cancer drug fails in two Phase III studies
    • The pill costs $1,000 a pop, or $84,000 for a 12-week treatment vs $66,000 for the current standard of care.
    • The likes of Express Scripts (ESRX), Catamaran (CTRX), Aetna (AET) and CVS Caremark (CVS) are among those who are looking to pit similar treatments against each other, declining to provide coverage for some, and refusing to pay a premium based on one therapy being more convenient than another.
    | Jan. 27, 2014, 7:14 AM | 15 Comments
  • Jan. 22, 2014, 10:05 AM
    • Aetna (AET) CEO Mark Bertolini tells CNBC that the company could be forced to withdraw from Obamacare, which makes up 3% of its revenue.
    • Aetna is due to submit its 2015 Obamacare rates in mid-May. "Are they going to be double-digit (increases) or are we going to get beat up because they're double-digit or are we just going to have to pull out of the program?" Bertolini says. "Those questions can't be answered until we see the population we have today. And we really don't have a good view on that."
    • Bertolini also confirms previous reports that Obamacare has been unable to attract the uninsured, with only 11% of signups not being covered previously.
    • More on Obamacare.
    | Jan. 22, 2014, 10:05 AM | 5 Comments
  • Jan. 19, 2014, 2:20 AM
    • At least two thirds of the 2.2M people who purchased health insurance from exchanges under Obamacare through December 28 already had coverage, preliminary surveys indicate.
    • In a McKinsey study, just 11% of people didn't have insurance previously. Affordability and technical problems were among the reasons why people didn't buy plans.
    • Around 48M Americans didn't have health insurance in 2012; Obamacare is expected to reduce that figure by 25M.
    • Meanwhile, the government is delaying yet another provision of the Affordable Care Act - one that prevents employers from offering better health benefits to senior management than to other staff. The reason is that tax officials haven't yet issued the regulations that companies need to abide by.
    • More on Obamacare.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Jan. 19, 2014, 2:20 AM | 108 Comments
  • Jan. 15, 2014, 8:58 AM
    • Aetna (AET) reaffirms FY13 operating earnings guidance of $5.80-5.90 and adjusted earnings guidance of $6.20-6.30.
    • AET also reaffirms its full year revenue projection of $47B (in-line with consensus).
    • The company also expects to reaffirm (at the JPMorgan Healthcare Conference today) its 2014 EPS projection of "at least $6.25."
    • FY14 revenue projection hiked to $54B from $53B (consensus is $54.8B).
    • 8-K
    | Jan. 15, 2014, 8:58 AM
  • Jan. 14, 2014, 7:51 AM
    • Vivus (VVUS +2.3%) has joined with Aetna (AET) to integrate Vivus' Qsymia drug into a year-long pilot program designed to assess the effectiveness combining the weight-loss treatment with "lifestyle support."
    • The partnership comes after sales of Qsymia were disappointing in Q3, forcing Vivus to cut costs. (PR)
    | Jan. 14, 2014, 7:51 AM
  • Jan. 14, 2014, 4:24 AM
    • Just 30% of the people who have bought insurance under Obamacare are aged 34 or younger, while a third are 55 or older, a government report says.
    • That's a problem because the success of the Affordable Care Act hinges on signing up enough "young invincibles," who would need less care, in order to pay for the sick and elderly. The White House was banking on 40% of signups being aged 34 or less.
    • If the numbers don't balance out as needed, premiums could rise. Moreover, health insurers have until May to decide whether they will keep providing exchange plans in 2015.
    • Around 2.2M people bought coverage in the three months through December, 79% of whom received a discount due to federal subsidies.
    • More on Obamacare.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Jan. 14, 2014, 4:24 AM | 5 Comments
Company Description
Aetna, Inc. engages in the provision of traditional, voluntary, and consumer-directed health insurance products and related services. It operates through the following segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment consists of medical, pharmacy benefit... More
Sector: Healthcare
Industry: Health Care Plans
Country: United States