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Aetna
From SourceWatch
Aetna Inc. is a U.S. health insurance company covering over 15 million people with its health plans, 13 million with dental plans, and 10 million with pharmacy plans. It offers traditional health insurance as well as HMOs, PPOs, point-of-service (POS), and health savings accounts. It also has vision, behavioral health, and Medicare plans. Top competitors are Blue Cross, CIGNA, and UnitedHealth Group. In 2006, revenues were US$25.1 billion with profits of US$1.7 billion. [1]
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Slavery lawsuit
In March 2002, Aetna along with railroad company CSX Transportation were named in a lawsuit filed in U.S. District Court in New York "seeking damages for abuses suffered by slaves and accusing the companies of profiting from slavery". Aetna used to insure slaves to their owners in the 1800s. [2]
Political contributions
Aetna gave $233,500 to federal candidates in the 2006 election through its political action committee - 28% to Democrats, 68% to Republicans, and 4% to independent Joseph Lieberman (I-CT). [3]
Lobbying
The company spent $1,219,469 for lobbying in the first half of 2007. $520,000 went to six lobbying firms with the remainder being spent using in-house lobbyists. Some of the lobbying firms were Ernst & Young, Jefferson Government Relations, and Akin, Gump, Strauss, Hauer & Feld. [4]
Personnel
| Key executives and 2006 pay: [5] | Options exercised |
|||
| Ronald A. Williams, Chairman and Chief Executive Officer | $8,810,000 | $0 | ||
| Mark T. Bertolini, President and Head of Business Operations | $1,880,000 | $0 | ||
| Timothy A. Holt, Chief Investment Officer | $2,280,000 | $12,570,000 | ||
| Craig R. Callen, Sr. VP - Strategic Planning and Bus. Devel. | $2,650,000 | $1,790,000 |
Selected members of the Board of Directors: [6]
- Frank M. Clark, Chairman and Chief Executive Officer Commonwealth Edison
- Roger N. Farah, Chief Operating Officer and Director Polo Ralph Lauren Corporation
- Barbara Hackman Franklin, Former U.S. Secretary of Commerce
Contact details
151 Farmington Avenue
Hartford, CT 06156
Phone: 860-273-0123
Fax: 860-273-3971
Web: http://www.aetna.com
Related SourceWatch articles
References
- ↑ Aetna Profile, Hoovers, accessed December 2007.
- ↑ "FleetBoston named in lawsuit seeking reparations for slavery", Associated Press, March 26, 2002.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed December 2007.
- ↑ Aetna lobbying expenses, Open Secrets, accessed December 2007.
- ↑ Aetna Key Executives, Yahoo Finance, accessed December 2007.
- ↑ Board of Directors, Aetna, accessed December 2007.
