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aetna health care

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Aetna (Aetna Inc.) NYSE: AET is one of the largest providers of health care, dental, pharmacy, group life, disability, and long-term care insurance and employee benefits in the United States. It is the direct descendant of Aetna Insurance Company, of Hartford, Connecticut, which issued its first life insurance policy in 1850, a full thirty years after it had been chartered to enter the business. Aetna also has a substantial presence in the property insurance, casualty insurance, and surety bond markets.

Aetna Membership

Aetna covers health care, dental, pharmacy, group life, disability, and long-term care insurance and employee benefits.

• 14.65 million - Medical members
• 13.03 million - Dental members
• 9.34 million - Pharmacy members
• 13.68 million - Group Insurance members
• 700,000+ - Health Care Professionals
• 418,000+ - Primary Care Doctors & Specialists
• 4,231 - Hospitals

Mergers

• Aetna merged with U.S. Healthcare - 1996.

Financials

• 2003 Sales (mil.) $17,976.4
  
• 1-Year Sales Growth (9.6%)
  
• 2003 Net Income (mil.) $933.8
  
• 2003 Employees 27,600
  

Key People

It was announced on January 4, 2006 that President Ronald Williams will succeed Dr. John W. Rowe as CEO as of February 14, 2006. Rowe will become Executive Chairman until he retires at the end of 2006. [1]

• Ron Williams - Chief Executive Officer
• Dr. John Wallis Rowe, M.D. - Executive Chairman
• Alan M. Bennett - Senior Vice President and Chief Financial Officer
• Meg McCarthy - Senior Vice President and Chief Information Officer
• William H. Donaldson - Former Chairman and Chief Executive Officer

Diversity

Aetna was one of only 11 companies to earn a 100% score on the Human Rights Campaign Corporate Equality Index in 2002, the first year of the survey. It has maintained this rating in 2003 and 2004.

See also

• managed health care

External link

• Aetna corporate website, with a good brief company history.

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