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Aetna, Inc. (AET)

- NYSE
  • Feb. 6, 2014, 12:05 AM
  • Feb. 5, 2014, 5:30 PM
  • 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.
    | 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.
    | 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.
    | 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
    | Comment!
  • 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)
    | Comment!
  • 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.
    | 5 Comments
  • Jan. 7, 2014, 3:33 AM
    • National healthcare spending grew less than 4% for the fourth year in a row in 2012, rising 3.7% to $2.8T, a report by the Centers for Medicare & Medicaid Services shows.
    • As a proportion of the total economy, expenditure edged down to 17.2% from 17.3%.
    • The authors of the report said that the continued slow increase in spending was due to the lingering impact of the recession but that Obamacare has had a limited effect. However, the White House said the figures vindicated the President's signature policy.
    • The authors were also cautious about whether the trend will continue, or whether growth will return to the higher levels experienced prior to the recession.
    • The cost of hospital care rose 4.9% in 2012 and that for doctors' services and outpatient clinics 4.6%, although spending on prescription drugs increased just 0.4%, due to patent expiries.
    • Relevant tickers: AET, HNT, HUM, UNH, WLP, MOH, HCA, CYH, THC, UHS, HMA, LPNT, WAG, CVS, BIOS, RAD, MHS, PMC, OCR, MCK, CAH, ABC, ESRX, MHS, CAH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 4 Comments
  • Jan. 5, 2014, 3:48 AM
    • Early reports from health providers and online medical booking service ZocDoc indicate that demand for care from those who bought insurance under Obamacare has been modest so far.
    • There have been fears that the technical problems of the government's HealthCare.gov Web site would cause a flood of patients who thought they had bought insurance to request care only to find that they weren't yet covered.
    • The actual pace of demand should give insurers more time to process the applications that they need to enter into their systems and issue membership cards.
    • More on Obamacare.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT.
    • Pharmacies: WAG, CVS, BIOS, RAD, MHS, PMC, OCR.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 53 Comments
  • Jan. 1, 2014, 4:22 AM
    • More than 2.1M people have signed up for Obamacare-mandated health insurance, which has gone into effect today. That's an addition of 1.6M consumers in December, but somewhat below the 3.3M that was initially projected.
    • Administration officials also don't know how many people have paid, while insurers haven't received all the information they need about those who have bought plans. As a result, much confusion is expected when patients turn up for appointments, a situation the government is hoping to help alleviate with a toll-free call center.
    • Around 3.9M people are judged eligible for Medicaid and a related children's insurance program, although it's not known how many have signed up. Another 3M young Americans have coverage under their parents' plans.
    • More on Obamacare.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 27 Comments
  • Dec. 31, 2013, 4:09 AM
    • As of yesterday, only around half of those who had signed up for healthcare coverage offered by over 100 insurers in 17 states under Obamacare had paid for their plans.
    • As a result, confusion is set to reign when the coverage takes effect tomorrow and until insurers can process those payments and issue membership cards. Around 2M people have signed up for coverage.
    • Insurers are attempting to alleviate the situation for customers by saying they'll accept payment as late as January 31 for coverage that starts tomorrow.
    • Meanwhile, Pharmacy chains such as CVS Caremark (CVS) and Walgreen (WAG) will provide prescription medications to consumers who have started but not completed the sign-up process.
    • More on Obamacare.
    • Relevant company tickers: AET, HNT, HUM, UNH, WLP, MOH. ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 5 Comments
  • Dec. 30, 2013, 4:12 AM
    • Over 1.1M people had signed up for health insurance under Obamacare via the government's HealthCare.gov Web site by the Christmas Eve deadline after 975,000 bought coverage this month.
    • Combined with those who acquired plans in Washington DC and 14 states that operate their own exchanges, around 2M people have obtained insurance. The government had hoped that 3.3M people would have signed up by now.
    • The next major test will come on Wednesday onwards, when the coverage is due to start. There are widespread concerns that patients will turn up for appointments and treatments only to find that their insurance application didn't go through properly, or that their new plans don't cover them for the care they want or need. As a result patients have been rushing to carry out tests, procedures and elective visits before the end of the year.
    • More Obamacare.
    • Relevant company tickers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 13 Comments
  • Dec. 26, 2013, 3:55 AM
    • Federal and state governments are continuing to let people sign up for health coverage that takes effect on January 1 even though the latest national deadline passed on Tuesday.
    • Those who were unable to buy plans because of the problems affecting Obamacare's HealthCare.gov can contact a call center to see if they can still purchase plans, while Massachusetts, Minnesota and Rhode Island are allowing residents to sign up as late as New Year's Eve.
    • The continued shifting of the deadlines comes amid a late surge in attempts to buy coverage, with 2M people visiting HealthCare.gov on Monday.
    • However, it's not going down well with health insurers, who believe they won't have enough time to process all these late applications.
    • Relevant company tickers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 6 Comments
  • Dec. 24, 2013, 4:30 AM
    • Amid a last-minute crush to buy health-insurance coverage, the White House has extended by 24 hours to today the deadline for signing up for plans.
    • Over 1M people had logged onto the much maligned HealthCare.gov Web site by 5 pm yesterday, causing sluggishness and long waiting times.
    • The postponement is the latest example of how the government has arbitrarily moved deadlines and changed the parameters of Obamacare, causing huge uncertainty for insurers and consumers.
    • More on Obamacare.
    • Relevant company tickers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 12 Comments
  • Dec. 22, 2013, 4:55 AM
    • Tomorrow is the deadline for people to sign up for health insurance that is due to take effect on January 1.
    • However, much uncertainty exists among insurers and consumers, due to government decisions to delay some of Obamacare's most important provisions, a result of the fiasco that has been the Healthcare.gov Web site, which suffered a three-hour outage on Friday.
    • The latest change is allowing anybody whose current plan is illegal under the new law to buy "catastrophic coverage", whereby benefits are limited and the deductibles are high. Those plans were initially supposed to be restricted to people under 30 years of age.
    • President Obama said on Friday that over 1M Americans have selected new health-insurance plans through the new exchanges. That's well below the initial target of 3.3M by the end of December.
    • Industry trade group Health Insurance Plans said its members will give consumers until January 10 to pay the first month's premium of a plan as long as they pick a scheme by tomorrow night. The move follows a request from the White House for insurance companies to be relaxed about the various deadlines.
    • The NYT profiles how Obamacare has hit those in the middle class who earn too much to be eligible for subsidies. "In some places, prices can quickly approach 20% of a person's income," the NYT writes. "Experts consider health insurance unaffordable once it exceeds 10%."
    • More on Obamacare.
    • Relevant company tickers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | 17 Comments
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Company Description
Aetna Inc. is a health care benefit company, which offers traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans.
Sector: Healthcare
Country: United States