Aetna U.S. Healthcare Plans to Pull HMO From Certain Georgia Markets.
Aetna Inc. plans to pull out of yet another market for its commercial health maintenance organization product--this time in Georgia.
Aetna U.S. Healthcare's exit from the Augusta market will affect 20,000 members, while the Macon exit will affect 5,000 members. It stopped marketing each plan and will discontinue dis·con·tin·ue
v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues
1. To stop doing or providing (something); end or abandon: the renewals of its HMO-based products Jan. 1, 2002, said Marlene Baltar, a spokeswoman for the nation's largest health insurer, adding that renewals will be honored until that date.
Aetna will exit the HMO HMO health maintenance organization.
A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, market before Jan. 1, 2003, Baltar said. Residents covered under existing policies will have to obtain new coverage once the last contract expires in 2003.
Aetna U.S. Healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna
In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. was unable to negotiate favorable fa·vor·a·ble
1. Advantageous; helpful: favorable winds.
2. Encouraging; propitious: a favorable diagnosis.
3. contract rates with local hospitals and physicians groups in Augusta and Macon, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a report in the Augusta Chronicle.
But Baltar disputed that. "It was not related to any issues with providers," she said. Rather, "this is part of the complete strategic plan of our new senior executive team," she said.