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Company Directory - Aetna Inc.

Company Details - Aetna Inc.

Aetna Inc. Logo

Aetna Inc.

Website

Hartford, United States

NYSE: AET 

Aetna Inc. is a diversified health care benefits company that offers health insurance and related services including Medicare, Medicaid, dental, and pharmacy services. It was acquired by CVS Health, and remains a well-known brand in the U.S. health care market.

CCI Score

CCI Score: Aetna Inc.

-16.69

0.01%

Latest Event

Aetna Settlement Resolves LGBTQ+ Fertility Coverage Discrimination

Aetna agreed to a $2 million settlement to resolve a class action lawsuit alleging that its previous policies discriminated against LGBTQ+ policyholders by denying coverage for certain fertility treatments. As part of the settlement, Aetna revised its policies to make intrauterine insemination a standard benefit and adjusted its IVF criteria in line with American Society for Reproductive Medicine guidelines, ensuring greater accessibility for LGBTQ+ individuals.

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ENABLER

Aetna Inc. is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • Aetna Settlement Resolves LGBTQ+ Fertility Coverage Discrimination Logo
    FEB
    13
    2025

    Aetna agreed to a $2 million settlement to resolve a class action lawsuit alleging that its previous policies discriminated against LGBTQ+ policyholders by denying coverage for certain fertility treatments. As part of the settlement, Aetna revised its policies to make intrauterine insemination a standard benefit and adjusted its IVF criteria in line with American Society for Reproductive Medicine guidelines, ensuring greater accessibility for LGBTQ+ individuals.

  • +80

    Business Practices and Ethical Responsibility

    March 29

    By settling the lawsuit and revising its fertility treatment policies to remove discrimination against LGBTQ+ members, Aetna demonstrated a commitment to ethical business practices and social equity. This change not only addresses past discriminatory practices but also sets a precedent for inclusive healthcare benefits.

    $2M Aetna Settlement Resolves Class Action Lawsuit Over LGBTQ+ Fertility Treatment Coverage Discrimination Claims

  • Landmark Settlement for LGBTQ+ Fertility Coverage Logo
    DEC
    07
    2024

    A federal judge approved a landmark class action settlement in New York addressing a lawsuit against Aetna for denying fertility treatment to same-sex couples. Under the settlement, Aetna, a subsidiary of CVS Health Corp., will begin covering artificial insemination and work towards equal access to in-vitro fertilization procedures for all its customers nationally.

  • +80

    Business Practices and Ethical Responsibility

    March 29

    The settlement represents a positive shift in Aetna's business practices by remedying discriminatory practices against LGBTQ+ customers. It demonstrates an enhanced commitment to ethical responsibility and equal service provision, aligning with efforts to support marginalized communities.

    Judge OKs landmark class action settlement in LGBTQ fertility lawsuit

  • Aetna's Significant Political Contributions and Lobbying Logo
    DEC
    02
    2024

    The article highlights that Aetna, as part of CVS/Aetna, is involved in extensive political contributions and lobbying efforts alongside other major health insurers. Data from OpenSecrets.com shows that a vast majority of Congressional incumbents received contributions from Big Insurance, indicating an influence on political decision-making that potentially undermines democratic accountability and public health priorities.

  • -80

    Political Contributions and Lobbying Efforts

    March 29

    Aetna's involvement in extensive political contributions and lobbying, as reported in the article, illustrates a practice where corporate money is used to influence political outcomes. This approach supports industry interests at the expense of broader public welfare and democratic accountability, a behavior that aligns with authoritarian tendencies.

    Private Health Insurance Spends Big on Political Contributions and Lobbying

  • Aetna Lobbying Profile Analysis Logo
    JAN
    01
    2024

    The OpenSecrets profile on Aetna reveals the company’s historical lobbying activities and notes that it did not report lobbying on specific bills in 2024. This aggregated data provides insight into Aetna’s ongoing engagement in political lobbying, reflecting its broader influence in public policy debates.

  • -30

    Political Contributions and Lobbying Efforts

    March 29

    Aetna’s longstanding lobbying record as detailed by OpenSecrets suggests sustained corporate involvement in influencing policy. Although there were no reports of lobbying on specific bills in 2024, the historical data indicates a pattern of political engagement that raises concerns about corporate influence over democratic processes from an anti-fascist perspective.

    Aetna Inc Profile: Lobbying • OpenSecrets

  • Health Companies’ Record Lobbying Spend in 2023 Logo
    DEC
    31
    2023

    A report by OpenSecrets revealed that health companies, a category that includes Aetna, spent over $739 million on federal lobbying in 2023. This contribution was a significant part of the record $4.2 billion spent overall, indicating a strategic effort by health industry players to influence federal policymaking in favor of corporate interests.

  • -80

    Political Contributions and Lobbying Efforts

    March 29

    The report highlights that health companies, including Aetna, were among the highest federal lobbying spenders in 2023, with spending surpassing $739 million. From an anti-fascist perspective, such extensive lobbying is seen as an attempt to shape legislation and regulatory frameworks in ways that protect corporate profits at the expense of transparent democratic processes and safeguards for marginalized communities.

    Groups spent record $4.2 billion in 2023 lobbying federal lawmakers, report says

  • Lawsuit Accuses Aetna of LGBTQ+ Fertility Discrimination Logo
    OCT
    16
    2023

    A class-action lawsuit filed in New York alleges that Aetna's student health plan imposes a discriminatory one-year waiting period for fertility treatments on LGBTQ+ couples, effectively denying them timely access to coverage and violating federal and state non-discrimination laws.

  • -70

    Public and Political Behavior

    March 29

    Aetna’s policy, as highlighted in the lawsuit, reflects a disregard for public policy norms that protect marginalized groups. By enforcing a waiting period that disproportionately impacts LGBTQ+ individuals, the company undermines established anti-discrimination protections and public interest values.

    Aetna hit with lawsuit claiming LGBTQ+ fertility discrimination

  • -80

    Business Practices and Ethical Responsibility

    March 29

    The lawsuit alleges that Aetna’s business practices intentionally disadvantage LGBTQ+ customers by imposing a discriminatory eligibility criterion for fertility treatment coverage. This unethical practice raises serious concerns about the company’s commitment to equitable treatment and adherence to anti-discrimination standards in its business operations.

    Aetna hit with lawsuit claiming LGBTQ+ fertility discrimination

  • Aetna Hires Lobbyists to Secure Humana Merger Approval Logo
    AUG
    19
    2023

    Aetna Inc. has engaged six lobbying firms, including four newly hired firms, to secure government approval for its $37 billion acquisition of Humana, demonstrating significant corporate political influence.

  • -60

    Political Contributions and Lobbying Efforts

    March 29

    Aetna's decision to hire multiple lobbying firms to influence regulatory approval for its Humana merger raises concerns about excessive corporate influence on policy-making, aligning with broader issues of corporate complicity in undermining democratic processes.

    Seeking Government Approval Of Humana Merger, Aetna Hires Lobbyists

  • Aetna Modern Slavery Statement Disclosure 2023 Logo
    APR
    06
    2023

    Aetna published its modern slavery statement summary in 2023, outlining measures to mitigate modern slavery risks in its supply chains. The disclosure emphasizes transparency regarding how the company is addressing modern slavery and labor rights challenges within its supply chain.

  • +30

    Supply Chain Ethics

    March 29

    Aetna's release of its modern slavery statement demonstrates an effort to address and disclose risks of modern slavery in its supply chain. This transparency supports human rights and labor standards by proactively outlining steps to mitigate exploitation, aligning with anti-authoritarian and progressive business practices.

    AETNA INSURANCE COMPANY LIMITED modern slavery statement summary (2023)

  • Aetna/Humana Merger Lobbying Efforts Logo
    OCT
    20
    2020

    Aetna, in conjunction with Humana, spent approximately $1.2 million in lobbying during the third quarter as part of efforts related to their pending merger and antitrust reviews. The expenditure, detailed in disclosure filings, comes in contrast to competitors Anthem and Cigna, which spent significantly more lobbying funds.

  • -30

    Political Contributions and Lobbying Efforts

    March 29

    The filing reveals that Aetna, alongside Humana, invested $1.2 million in lobbying efforts aimed at influencing merger-related antitrust decisions. From an anti-fascist and progressive perspective, such corporate political lobbying—despite being lower than competitors’ spending—typically reflects attempts to influence policy in favor of corporate consolidation and market concentration, undermining transparent democratic processes.

    Anthem/Cigna outspend Aetna/Humana in 3rd quarter lobbying as their merger trials near

  • Aetna Inc Political Spending and Lobbying Profile Logo
    DEC
    31
    2018

    The OpenSecrets profile reveals that Aetna Inc contributed approximately $1.29 million during the 2018 cycle and spent over $7 million on lobbying in 2017 and 2018. The report also highlights that a significant proportion of Aetna Inc lobbyists previously held government positions, indicating a pronounced revolving door dynamic.

  • -50

    Political Contributions and Lobbying Efforts

    March 29

    Aetna Inc's sizable political contributions and lobbying expenditures, as documented by OpenSecrets, demonstrate a heavy involvement in political financing that can undermine democratic processes and contribute to entrenched corporate influence in policymaking.

    Aetna Inc Profile: Summary • OpenSecrets

  • -40

    Executive Political Engagement

    March 29

    The high proportion of Aetna Inc lobbyists with previous government experience points to a revolving door phenomenon, raising concerns about undue influence over public policy and democratic accountability.

    Aetna Inc Profile: Summary • OpenSecrets

  • Senators Question Aetna's Claims Review Process Logo
    MAR
    01
    2018

    Two Democratic senators, Ron Wyden and Patty Murray, sent a joint letter to Aetna Chairman and CEO Mark Bertolini over concerns that a former medical director had not reviewed patients' full medical records during claims determinations, raising questions about Aetna's claims review procedures and potential non-compliance with federal law. The inquiry also referenced a 2009 fine related to improper claims handling.

  • -50

    Public and Political Behavior

    March 29

    Aetna is facing political scrutiny as two leading Democratic senators publicly questioned its claims review process and internal accountability. This public and political oversight indicates negligence in corporate governance that undermines public trust and accountability.

    Aetna CEO under scrutiny from two US Senators - ABC Action News

  • -40

    Business Practices and Ethical Responsibility

    March 29

    The concerns raised about Aetna’s internal practices—including failing to utilize full patient records in claims determinations and previously incurring a fine for similar issues—highlight problematic business practices. This negligence puts customer health and trust at risk, reflecting ethical responsibility failures.

    Aetna CEO under scrutiny from two US Senators - ABC Action News

  • Aetna Engages Multiple Lobbying Firms in Pursuit of Humana Acquisition Logo
    AUG
    21
    2015

    Aetna has enlisted six lobbying firms, including Bloom Strategic Counsel, CGCN Group, and others with strong political ties, to influence the regulatory review of its $37 billion acquisition of Humana. The move is intended to secure government approval amid antitrust concerns.

  • -70

    Political Contributions and Lobbying Efforts

    March 29

    Aetna's decision to hire six lobbying firms with established political connections underscores its reliance on corporate influence to shape regulatory outcomes. This tactic, aimed at smoothing the path for its massive Humana acquisition, raises concerns about the potential undermining of democratic regulatory processes and the prioritization of corporate interests over the public good.

    Aetna employs 6 lobbying firms in pursuit of Humana deal

  • Pressure for Transparency in Aetna’s Political Donations Logo
    JAN
    01
    2011

    Investors, including unions, state pension funds, and other groups, are pressuring Aetna to disclose details of its political and lobbying contributions. The controversy centers on a $3 million donation to the conservative American Action Network and a $4 million donation to the U.S. Chamber of Commerce, which CEO Mark Bertolini described as 'educational activities.' Critics argue that this framing obscures the political nature of the contributions, raising concerns about the insurer’s indirect support for far‐right agendas.

  • -70

    Political Contributions and Lobbying Efforts

    March 29

    Aetna’s decision to label substantial political donations, including $3 million to a conservative network and $4 million to a major lobbying organization, as 'educational activities' is viewed as an attempt to downplay their inherently political nature. This move, under pressure from socially conscious investors, suggests a problematic stance on transparency in political contributions and potential complicity in furthering far‐right influence.

    Investors pressure Aetna to disclose political funding | Fierce Healthcare

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