Since Aetna announced at the beginning of the week it will cut about 5,000 jobs, and take $565 million in fourth-quarter charges, the company’s shares rose 12 percent. On Jan. 1, Aetna will drop an estimated 340,000 members from its Medicare health-maintenance organizations.
The company will also drop some 300,000 to 350,000 customers from its employer HMOs and about 1.5 million Prudential customers. About 1 million other Prudential customers will be moved to Aetna plans. The company also plans to raise prices next year between 11 and 13 percent for employer health plans and about 4 percent in its remaining Medicare markets.
Was this article valuable?
Here are more articles you may enjoy.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
‘Structural Shift’ Occurring in California Surplus Lines 
