Aetna Inc. (ticker: AET, exchange: New York Stock Exchange (.N))
News Release -
2-Aug-2007
Aetna Statement Regarding Lawsuit Filed in New Jersey HARTFORD, Conn.--(BUSINESS WIRE)--Aug. 2, 2007--Aetna (NYSE: AET)
today issued the following statement regarding a lawsuit filed on July
30, 2007, in the United States District Court for the District of New
Jersey.
-- Aetna received this lawsuit on August 1, 2007, and is
reviewing the complaint.
-- The plaintiff purports to represent a class of members in
Aetna's health plans who have utilized the services of
providers who do not participate in the company's provider
network.
-- The complaint alleges that, among other things, Aetna's
practices in connection with the payment of claims for
services provided to its members by providers who do not
participate in the company's provider network violate the
federal Employee Retirement Income Security Act of 1974.
-- Aetna believes this lawsuit is without merit and will defend
this action vigorously.
-- Reimbursement of non-participating providers is a complex
issue, and Aetna strives to implement policies that are in the
best interests of its members and employers who purchase
benefits plans.
Aetna is one of the nation's leading diversified health care
benefits companies, serving approximately 34.9 million people with
information and resources to help them make better informed decisions
about their health care. Aetna offers a broad range of traditional and
consumer-directed health insurance products and related services,
including medical, pharmacy, dental, behavioral health, group life,
long-term care and disability plans, and medical management
capabilities. Our customers include employer groups, individuals,
college students, part-time and hourly workers, health plans and
government-sponsored plans. www.aetna.com
CONTACT: Aetna
Media Contact:
Cynthia Michener, 860-273-8553
michenerc@aetna.com
or
Investor Contact:
Teresa Jylkka, 860-273-9231
jylkkatb@aetna.com
SOURCE: Aetna
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