Health insurance giant Aetna is planning to force up to 650,000 clients to drop their coverage next year as it seeks to raise additional revenue to meet profit expectations.
In a third-quarter earnings conference call in late October, officials at Aetna announced that in an effort to improve on a less-than-anticipated profit margin in 2009, they would be raising prices on their consumers in 2010. The insurance giant predicted that the company would subsequently lose between 300,000 and 350,000 members next year from its national account as well as another 300,000 from smaller group accounts.
Best healthcare system ever! Hey, I wonder how many wingnut teabaggers are Aetna customers. Good luck to any of them who have preexisting conditions.
Also, I wonder if anyone will ask Joe Lieberman about this since he's taken $112,000 from Aetna over the years. His ninth largest contributor.