31 января, 19:08

Aetna (AET) Earnings Beat Estimates in Q4, Revenues Miss

Aetna's (AET) earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $1.45 and improving 19% year over year.

31 января, 19:08

Aetna (AET) Earnings Beat Estimates in Q4, Revenues Miss

Aetna's (AET) earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $1.45 and improving 19% year over year.

Выбор редакции
31 января, 17:29

Aetna May Appeal Ruling Blocking Humana Deal

Aetna CEO Mark Bertolini said the insurer will decide by Feb. 15 whether to appeal a federal judge’s decision blocking its Humana merger.

31 января, 15:35

Aetna (AET) Beats Q4 Earning Estimates, Guides for 2017

Aetna (AET) fourth quarter earnings surpassed the estimates.

30 января, 17:18

Aetna (AET) Signs Reinsurance Arrangement with Vitality Re

Aetna Inc. (AET) recently signed a four-year reinsurance arrangement with Vitality Re VIII Limited.

27 января, 17:46

Is Disappointment in Store for Aetna (AET) in Q4 Earnings?

Aetna Inc. (AET) is scheduled to report fourth-quarter and full-year 2016 results on Jan 31 before the opening bell.

26 января, 19:33

Procrastinating on January 26, 2017

**Over at [Equitable Growth](http://EquitableGrowth.org): Must- and Should-Reads:** * **Charles Stross** (2010): _[Insufficient Data][]_: "So. I ask: how many people does it take, as a minimum, to maintain our current level of technological civilization?... * **Kevin Drum**: _[Who's Afraid of the Trans-Pacific Partnership?][]_: "The responsibility of trade deals for the decline...

Выбор редакции
25 января, 23:00

Без заголовка

**Should-Read: Ann Marie Marciarille**: _[Email, The Gift That Keeps on Giving][]_: "U.S. District Judge John D. Bates spilled a considerable amount of ink in yesterday's Memorandum Opinion enjoining the Aetna-Humana health insurance merger... [Email, The Gift That Keeps on Giving]: http://prawfsblawg.blogs.com/prawfsblawg/2017/01/email-the-gift-that-keeps-on-giving.html >... Even though antitrust opinions are not known for...

25 января, 21:52

CHEATING? Judge says Aetna dropped out of some Obamacare markets to help win its merger fight. Ae…

CHEATING? Judge says Aetna dropped out of some Obamacare markets to help win its merger fight. Aetna announced it would pull out of most of the state exchanges where it sold health insurance under the Affordable Care Act last August, citing financial losses. But a U.S. District Court judge who rejected the company’s proposed merger […]

Выбор редакции
25 января, 08:30

Aetna, Humana to consider all options after court blocks merger

The deal would "substantially lessen competition" in the sale of Medicare Advantage plans in 364 counties in 21 U.S. states and on the Obamacare exchange in three Florida counties, the U.S. District Court for the District of Columbia ruled on Monday. "We continue to believe a combined company will create access to higher-quality and more affordable care, and deliver a better overall experience for those we serve," Aetna Chief Executive Officer Mark Bertolini and Humana Chief Executive Offer Bruce Broussard said in a joint statement on Tuesday.

24 января, 23:52

Internal Aetna Email Suggest Its Obamacare Withdrawals Weren't Business As Usual

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); Insurance giant Aetna’s decision last summer to shut down its Affordable Care Act plans in 11 states created a ton of bad publicity for the law. Over and over again, Obamacare’s political opponents, including then-presidential candidate Donald Trump, cited the company’s withdrawals as proof that insurance carriers were losing money and the new state insurance exchanges were falling apart. Aetna executives backed up those arguments by citing poor financial performance as a reason for its withdrawals. But internal company communications suggest that, in three states, Aetna had other motives: It was trying to win approval of its controversial bid to merge with Humana. Some of the plans that Aetna shut down were actually making money, the documents indicate. And Aetna remained optimistic that Obamacare plans would be profitable in the long run. Taken together, these new pieces of evidence would seem like a reminder not to take every report of Obamacare trouble at face value.  The information came to light on Monday, when Senior U.S. District Judge John Bates upheld a decision by the Justice Department to block the Aetna-Humana merger ― a decision that Aetna has said it may appeal. (The company did not respond to requests for comment.) In his ruling, Judge Bates didn’t simply concur with the Justice Department’s finding that an Aetna-Humana merger would reduce competition and harm consumers. He also said that “Aetna tried to leverage its participation in the exchanges for favorable treatment from [the Justice Department] regarding the proposed merger.” After Justice rejected the merger, Bates said, Aetna pulled insurance offerings from Florida, Georgia and Missouri in part “to follow through on the threat that it made earlier.” I just can’t make sense out of the Florida decision. ... We are making money from the on-exchange business. Email from an Aetna official, August 2016 To prove his point, Bates cited a series of emails, financial documents and testimony about verbal conversations involving Aetna officials over the past several months. Here, for example, is what Aetna Chairman and CEO Mark Bertolini said to Sylvia Burwell, then the secretary of health and human services, during a July phone conversation: “If, by chance, you get a reach-out from the [Justice Department] about us as a candidate for this merger, I would appreciate a good word for all that we’ve done with you.”  And here is how Bertolini groused about Justice Department scrutiny to a former Aetna official: “The administration has a very short memory, absolutely no loyalty and a very thin skin,” he said in an email. Aetna’s motives for withdrawing from Obamacare exchanges first came into question in August, after The Huffington Post obtained a letter that Bertolini had sent to the Department of Health and Human Services earlier in the summer. In that letter, Bertolini warned that rejection of the merger by Justice Department regulators would lead Aetna “to reduce our 2017 exchange footprint.” At the time, and later during testimony for the federal lawsuit, Aetna officials said that the company was simply explaining its business position ― that, without the economic benefits of the merger, it could not afford to sustain losses in the Obamacare exchanges. Bates acknowledged in his decision that Aetna was among the insurers losing money on Obamacare policies and that those losses could have been a factor in considering whether to eliminate insurance plans.  But, the judge said, internal company documents suggested the company remained optimistic about the long-term prospects for the exchanges and was seriously considering expansion, even after learning about its 2016 losses.  I was told to be careful about putting any of that in writing. I will have the attorney client privilege ccd by tomorrow. Email from an Aetna official, July 2016 In addition, Bates noted, some of Aetna’s plans were already profitable, including the Florida policies that it canceled. In fact, when an company official in charge of Aetna’s Florida plans learned of the decision to shut them down, he responded incredulously. “I just can’t make sense out of the Florida decision,” he wrote in an email, adding later, “We are making money from the on-exchange business. Was Florida’s performance ever debated?” Another reason Aetna decided to shutter those Florida, Georgia and Missouri plans, the judge said, was to reduce overlap with Humana’s offerings and thereby strengthen its case challenging the Justice Department’s disapproval of the merger. Bates even cited evidence that Aetna tried to shield its internal communications on this matter under attorney-client privilege. At one point, an Aetna official talking about plans wrote, “I was told to be careful about putting any of that in writing. I will have the attorney client privilege ccd by tomorrow.” When deposed, the official acknowledged that he was trying to avoid disclosure of these communications in the antitrust litigation and that Aetna officials had decided to carry on further conversations by phone in order to avoid a paper trail that could come out in legal proceedings. It would appear the effort was not so successful. CORRECTION: The highlighted quotes came from Aetna emails sent in the summer of 2016, not 2017. Sign up for the HuffPost Must Reads newsletter. Each Sunday, we will bring you the best original reporting, longform writing and breaking news from The Huffington Post and around the web, plus behind-the-scenes looks at how it’s all made. Click here to sign up! -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

24 января, 23:52

Internal Aetna Email Suggest Its Obamacare Withdrawals Weren't Business As Usual

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); Insurance giant Aetna’s decision last summer to shut down its Affordable Care Act plans in 11 states created a ton of bad publicity for the law. Over and over again, Obamacare’s political opponents, including then-presidential candidate Donald Trump, cited the company’s withdrawals as proof that insurance carriers were losing money and the new state insurance exchanges were falling apart. Aetna executives backed up those arguments by citing poor financial performance as a reason for its withdrawals. But internal company communications suggest that, in three states, Aetna had other motives: It was trying to win approval of its controversial bid to merge with Humana. Some of the plans that Aetna shut down were actually making money, the documents indicate. And Aetna remained optimistic that Obamacare plans would be profitable in the long run. Taken together, these new pieces of evidence would seem like a reminder not to take every report of Obamacare trouble at face value.  The information came to light on Monday, when Senior U.S. District Judge John Bates upheld a decision by the Justice Department to block the Aetna-Humana merger ― a decision that Aetna has said it may appeal. (The company did not respond to requests for comment.) In his ruling, Judge Bates didn’t simply concur with the Justice Department’s finding that an Aetna-Humana merger would reduce competition and harm consumers. He also said that “Aetna tried to leverage its participation in the exchanges for favorable treatment from [the Justice Department] regarding the proposed merger.” After Justice rejected the merger, Bates said, Aetna pulled insurance offerings from Florida, Georgia and Missouri in part “to follow through on the threat that it made earlier.” I just can’t make sense out of the Florida decision. ... We are making money from the on-exchange business. Email from an Aetna official, August 2016 To prove his point, Bates cited a series of emails, financial documents and testimony about verbal conversations involving Aetna officials over the past several months. Here, for example, is what Aetna Chairman and CEO Mark Bertolini said to Sylvia Burwell, then the secretary of health and human services, during a July phone conversation: “If, by chance, you get a reach-out from the [Justice Department] about us as a candidate for this merger, I would appreciate a good word for all that we’ve done with you.”  And here is how Bertolini groused about Justice Department scrutiny to a former Aetna official: “The administration has a very short memory, absolutely no loyalty and a very thin skin,” he said in an email. Aetna’s motives for withdrawing from Obamacare exchanges first came into question in August, after The Huffington Post obtained a letter that Bertolini had sent to the Department of Health and Human Services earlier in the summer. In that letter, Bertolini warned that rejection of the merger by Justice Department regulators would lead Aetna “to reduce our 2017 exchange footprint.” At the time, and later during testimony for the federal lawsuit, Aetna officials said that the company was simply explaining its business position ― that, without the economic benefits of the merger, it could not afford to sustain losses in the Obamacare exchanges. Bates acknowledged in his decision that Aetna was among the insurers losing money on Obamacare policies and that those losses could have been a factor in considering whether to eliminate insurance plans.  But, the judge said, internal company documents suggested the company remained optimistic about the long-term prospects for the exchanges and was seriously considering expansion, even after learning about its 2016 losses.  I was told to be careful about putting any of that in writing. I will have the attorney client privilege ccd by tomorrow. Email from an Aetna official, July 2016 In addition, Bates noted, some of Aetna’s plans were already profitable, including the Florida policies that it canceled. In fact, when an company official in charge of Aetna’s Florida plans learned of the decision to shut them down, he responded incredulously. “I just can’t make sense out of the Florida decision,” he wrote in an email, adding later, “We are making money from the on-exchange business. Was Florida’s performance ever debated?” Another reason Aetna decided to shutter those Florida, Georgia and Missouri plans, the judge said, was to reduce overlap with Humana’s offerings and thereby strengthen its case challenging the Justice Department’s disapproval of the merger. Bates even cited evidence that Aetna tried to shield its internal communications on this matter under attorney-client privilege. At one point, an Aetna official talking about plans wrote, “I was told to be careful about putting any of that in writing. I will have the attorney client privilege ccd by tomorrow.” When deposed, the official acknowledged that he was trying to avoid disclosure of these communications in the antitrust litigation and that Aetna officials had decided to carry on further conversations by phone in order to avoid a paper trail that could come out in legal proceedings. It would appear the effort was not so successful. CORRECTION: The highlighted quotes came from Aetna emails sent in the summer of 2016, not 2017. Sign up for the HuffPost Must Reads newsletter. Each Sunday, we will bring you the best original reporting, longform writing and breaking news from The Huffington Post and around the web, plus behind-the-scenes looks at how it’s all made. Click here to sign up! -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

Выбор редакции
24 января, 21:30

Американский суд заблокировал слияние Aetna и Humana

Слияние страховщиков заблокировано по просьбе Минюста.

Выбор редакции
24 января, 17:50

4 Reasons Why WellCare Health Stock is a Great Pick Now

In spite of the possibility of the reform affecting WellCare Health's business, the company remains an attractive pick for investors.

24 января, 16:53

Michael DeLong: Will Competition in Health Insurance Survive? The Odds Are Better After Yesterday

Will competition in health insurance survive? The answer now is “perhaps”. The federal courts, at their lowest district court level, have just weighed in on the side of more competition and fewer behemoth health insurance companies; on the side of more competition and fewer monopolies and near monopolies. This matters...

24 января, 16:18

Aetna's Merger with Humana Foiled by Regulators, Stock Down

Federal authorities reviewing the proposed Aetna Inc. (AET) and Humana Inc. (HUM) mega merger have now blocked the deal.

Выбор редакции
24 января, 16:07

Aetna Won't Need Humana If Paul Ryan Privatizes Medicare

A Republican-led Congress effort to privatize Medicare could soften the blow of a federal judge’s ruling blocking the acquisition by Aetna of Humana.

24 января, 15:51

Frontrunning: January 24

Dollar steadies after stumble, sterling rides out Brexit ruling (Reuters) After U.S. exit, Asian nations try to save TPP trade deal (Reuters) U.K. Court Rules Brexit Trigger Needs Parliamentary Vote (BBG) Brexit plans unlikely to be slowed by Article 50 defeat (Reuters) Health Secretary Nominee Proposed Bill Benefiting Puerto Rico Investments (WSJ) How Trump Would Rework Nafta—and What Mexico, Canada Want in Return  (BBG) Trump calls for more U.S. auto jobs, factories ahead of CEO meeting (Reuters) Belarus Businessman Said to Be Indirect Source on Trump Dossier? (WSJ) Canadian Drillers Brave Deep Freeze as Oil Patch Revives Growth  (BBG) A $90 Billion Wave of Debt Shows Cracks in U.S. Real Estate Boom  (BBG) China pushes back at U.S. over South China Sea (Reuters) This 36-Year-Old May Be Running America  (BBG) China’s Efforts to Stem Capital Outflows Are Starting to Pay Off  (BBG) Iran, Russia, Turkey say will jointly enforce Syria ceasefire (Reuters) Generali Jumps on Report Intesa Plans to Mount Takeover Bid  (BBG) Bankers Cash In on Postelection Stock Rally (WSJ) BT Plunges After Cutting Outlook, Tripling Italy Writedown  (BBG) After Bond Chief’s Exit, Millennium’s Englander Left Alone Again  (BBG) Verizon Misses Profit Estimates as Holiday Promos Take Toll  (BBG) At Wells Fargo, Bank Branches Were Tipped Off to Inspections (WSJ) DuPont Pushes Back Expected Closing of Dow Merger to First Half  (BBG) Goldman Hails Global Rebound as Currie Sees Commodity Demand  (BBG)   Overnight Media Digest WSJ - President Donald Trump started his first full workday at the White House focused on the economy, trade and jobs, withdrawing from the Trans-Pacific Partnership (TPP) agreement and promising to tax firms that move operations overseas. http://on.wsj.com/2klQzOb - A federal judge Monday blocked the proposed merger of health insurers Aetna and Humana on antitrust grounds, a potentially fatal legal blow to the $34 billion deal. http://on.wsj.com/2klXsis - The Senate confirmed Representative Mike Pompeo of Kansas as director of the Central Intelligence Agency, putting a Republican lawmaker in charge of the nation's top spy agency. http://on.wsj.com/2km04wI - A government watchdog group filed a lawsuit alleging President Trump is violating the U.S. Constitution by maintaining ownership of businesses that accept payments from foreign governments. http://on.wsj.com/2km3yzq - Yahoo, subject of two huge data breaches that have cast a shadow over its deal with Verizon Communications., pushed back its expected closing date for the transaction, citing "work required to meet closing conditions." http://on.wsj.com/2km3Ar2 - The lending arm of Ford Motor Co has tapped a San Francisco startup to make it easier for its customers to buy and finance a car without going into a showroom. http://on.wsj.com/2km2c7R - Sprint Corp will buy one-third of Tidal, the streaming-music service run by rap mogul Jay Z, the latest content deal secured by a network provider. http://on.wsj.com/2klTrue - The Syrian regime and the rebel opposition ended the first day of peace talks on Monday without reaching agreement on how to monitor a shaky cease-fire, but the sides continued trying to hammer out details of a potential deal. http://on.wsj.com/2klUZV7   FT British Prime Minister Theresa May said on Monday she was briefed about the successful certification of a nuclear submarine as she came under increasing pressure over her handling of reports its unarmed Trident missile misfired. Bernie Ecclestone's 40-year reign as Formula One's commercial supremo ended on Monday with the sport's new owners Liberty Media replacing the 86-year-old Briton with American Chase Carey. British spy chief Robert Hannigan said on Monday he was stepping down as head of Britain's intelligence eavesdropping service GCHQ. Sources close to Hannigan, 51, said the decision was taken for personal reasons   NYT - President Donald Trump upended America's traditional, bipartisan trade policy on Monday as he formally abandoned the ambitious, 12-nation Trans-Pacific Partnership brokered by his predecessor. http://nyti.ms/2jWq1lP - At a meeting with the leaders of several construction and building trade unions, President Trump reiterated on Monday his interest in directing hundreds of billions of dollars to infrastructure investments, some of it from the federal government, union officials said. http://nyti.ms/2jWuEfE - Yahoo Inc said on Monday that it now expected the sale of its core businesses to Verizon Communications Inc to close no sooner than April, a delay from its earlier intention to conclude the deal in the first quarter. http://nyti.ms/2jWzA4h - A federal judge ruled on Monday that a $37 billion merger between the health insurance giants Aetna Inc and Humana Inc should not be allowed to go through on antitrust grounds, siding with the Justice Department, which had been seeking to block the deal. http://nyti.ms/2jWr05K - President Trump used his first official meeting with congressional leaders on Monday to falsely claim that millions of unauthorized immigrants had robbed him of a popular vote majority. http://nyti.ms/2jWyUf7 - Representative Mike Pompeo of Kansas earned approval to lead the Central Intelligence Agency and Rex Tillerson, the secretary of state nominee, cleared a key Senate hurdle to all but assure his own confirmation. http://nyti.ms/2jWHDOn   Canada THE GLOBE AND MAIL ** Japan-based automakers in Canada are urging the federal government to resume talks with Japan on a bilateral trade deal in the wake of the new Trump government pulling out of the Trans-Pacific Partnership trade agreement. https://tgam.ca/2jTK6Ja ** Potential private equity buyers appear to be steering clear of hockey and baseball equipment maker Performance Sports Group Ltd, clearing the field for a $575 million bid for the company from Sagar Capital Partners LP and Fairfax Financial Holdings Ltd. https://tgam.ca/2jTHk6P ** Vancouver's Kindred Systems Inc has hired Jim Liefer, who was vice president of operations for Wal-Mart's online business from 2004-10 before spending six years as COO of U.S. online furniture retailer One Kings Lane Inc. Mr. Liefer will work out of Kindred's San Francisco office, where most of its 37 employees are located. https://tgam.ca/2jTKQ0G NATIONAL POST ** An ongoing dispute between Uber Technologies Inc and its drivers has reached Canada, with a proposed class-action lawsuit that claims Uber drivers are employees who are entitled to minimum wage, overtime and vacation pay. http://bit.ly/2jTUpwH ** The federal New Democratic Party has scheduled a leadership debate for early March, even though there are still no official candidates to lead the party. http://bit.ly/2jTL2NI ** The department of Indigenous and Northern Affairs is one of two ministries - the other is democratic reform - that did not get a passing mark on a "deliverology" report card that Prime Minister Justin Trudeau and his cabinet were expected to review as they began two days of meetings on Monday in Calgary. http://bit.ly/2jTTcFH   Britain The Times * EDF has raised the spectre of delays or cost overruns to its 18 billion pound ($22.52 billion) Hinkley Point nuclear plant as a result of Brexit, warning that any restrictions to trade and movement of labour could hamper the delivery of energy projects. http://bit.ly/2jqJAPN * Royal Dutch Shell's exploration chief, Ceri Powell, is to step down after seven years, as the energy company cuts back on drilling new wells. http://bit.ly/2jqGWJI The Guardian * Amsterdam mayor's office has been in negotiations with American and Japanese banks, along with fintech firms and other specialist finance firms, about moving staff and operations from London as a consequence of the UK's vote to leave the European Union, the city's deputy mayor told the Guardian. http://bit.ly/2jqJZ4L * Lloyds Banking Group suffered 48-hour online attack this month as cybercriminals attempted to block access to 20 million UK accounts. http://bit.ly/2jqFpUd The Telegraph * Sports Direct has cut its ties with three City banks amid speculation that tycoon Mike Ashley is reining in his appetite for dealmaking and conquering overseas markets. The sportswear giant announced that it had dumped Goldman Sachs, Citi and Haitong (formerly known as Espirito Santo) from its roster of brokers. http://bit.ly/2jqMbcA * BP has started up one of its first major projects in the Gulf of Mexico since the Deepwater Horizon disaster, almost a year ahead of schedule and $150 million under budget.http://bit.ly/2jqPNLu Sky News * Bernie Ecclestone is no longer in charge of Formula One after almost 40 years in the driving seat. The news was confirmed by Liberty Media as it said it had completed its takeover of the sport after snapping up shares from private equity firm CVC last year. http://bit.ly/2jqNBDQ * M&G Investments, the giant asset manager owned by Prudential, will end its headline sponsorship of the Chelsea Flower Show after this year's event in May, according to Sky News. http://bit.ly/2jqQXH5 The Independent * British Prime Minister Theresa May will be ready to publish the key piece of legislation that will set Britain on the road to Brexit by the end of this week, according to the Independent. http://ind.pn/2jqHRdj * Britain is facing three years of slow growth, rising unemployment and squeezed consumer spending as the Brexit-induced collapse in the pound triggers a radical rebalancing of the economy, according to a report by think tank EY Item Club. http://ind.pn/2jqyESo  

Выбор редакции
24 января, 14:25

Wolf Richter: Judge Reveals Shady Side of Crushed Aetna-Humana Merger, Banks to Lick their Wounds, Aetna to Get Pummeled

Yesterday, a federal judge blocked Aetna’s $34-billion acquisition of Humanam, citing concerns that their combined pricing power would raise costs to consumers.