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Aetna Statement in Support of Executive Order to Broaden Transparency in Health Care; First Insurer to Provide Physician-Specific Price and Quality Info Applauds Federal Government Focus on Becoming an Active Partner in Health Care Transparency.


HARTFORD, Conn. -- Aetna (NYSE NYSE

See: New York Stock Exchange
:AET AET Aetna, Inc.
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AET Alliance for Environmental Technology
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AET Applied Extrusion Technologies, Inc.
) today announced its support for the executive order on health care transparency signed by President Bush. The executive order, aimed at creating value-based competition in health care, focuses on the use of information technology standards, the need for quality standards developed by the medical community, the sharing of aggregate data on the episodic price of care, and the creation of incentives to measure and promote overall quality in care. The President is asking federal government agencies, state governments, large unions and Fortune 100 companies to commit to these goals in purchasing health care for their employees and members.

"Aetna applauds the President for his commitment to creating value-based competition in health care, which in turn will strengthen the marketplace for health care consumerism," said Aetna CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and President Ronald A. Williams. "If adopted by all parties the President's order could positively impact the cost and quality of care provided to Americans.

"Aetna is an early adopter of much of what the President is proposing. We were the first insurer to enable our members to research physician-specific pricing before visiting their physician, and just this week we expanded that program to new markets and added details on clinical quality and efficiency," said Williams. "We also are developing a national program that rewards physicians for providing quality, cost-effective care to Aetna members.

"We have been sharing our experiences with the White House and Congress to help them form policy on these issues," added Williams. "We look forward to further partnering with the government, our customers and the medical community to develop innovative ways for all Americans to achieve their optimal health."

As announced in June, Aetna is helping its members make informed health care decisions by providing online access to transparent price and quality information for participating physicians in select markets including:

--Price, clinical quality and efficiency information for physicians in Connecticut; Washington, D.C.; Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. ; Maryland; Cincinnati, Cleveland, Columbus, Dayton and Springfield, Ohio Springfield is a city in the U.S. state of Ohio and the county seat of Clark CountyGR6. The municipality is located in southwestern Ohio and is situated on the Mad River and Buck Creek, approximately 45 miles (72 km) west of Columbus and 25 miles (40 ; Northern Kentucky; Southeast Indiana; and South Florida.

--Price information only for physicians in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Kan. and Mo.; Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev.; and Pittsburgh, Pa.

Aetna launched price transparency Price Transparency

The accessibility of information on the order flow for a particular stock, allowing knowledge of the quantities of stock being offered and the bids at the various price levels. Also referred to as "market depth.
 in August 2005 in the greater Cincinnati area, providing its members with the ability to research physician-specific pricing before receiving a service at the doctor's office. The enhanced combination of physician-specific cost, clinical quality and efficiency information is another first from a national health insurer. The enhanced information is now available to Aetna members at www.aetna.com.

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 29.9 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 Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or , group life, long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 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
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 22, 2006
Words:499
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