Aetna Inc.
AET
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- Aetna Inc. (NYSE: AET) provides health care benefits and managed care services to employers, government programs, and individuals in the United States. The company offers a comprehensive portfolio of products and services, including health insurance plans such as health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point-of-service (POS) plans; pharmacy benefit management through its Aetna Rx subsidiary; dental, vision, behavioral health, and long-term care insurance; Medicare Advantage and Medicare Part D prescription drug plans; Medicaid managed care programs; and health and wellness programs including disease management, stop-smoking initiatives, and telemedicine services. Aetna operates primarily in the U.S. health insurance and managed care industry, serving commercial employers, small businesses, government-sponsored programs, and individual consumers across all 50 states. Founded in 1850 and headquartered in Hartford, Connecticut, Aetna expanded its footprint through various acquisitions prior to its acquisition by CVS Health Corporation in December 2018 for approximately $69 billion, after which it was integrated as CVS Aetna within CVS Health's Health Care Benefits segment. Recent developments include the continued rollout of integrated health services combining pharmacy, retail clinics, and insurance offerings under CVS Health; a strategic partnership with Livongo in 2020 to enhance chronic condition management through digital health solutions (later integrated into Teladoc Health); and expansions in virtual care and value-based care models amid post-pandemic shifts. In 2024, CVS Health announced organizational changes to streamline operations, including leadership transitions in the CVS Aetna division to focus on cost efficiencies and improved member experiences; additionally, the company launched new Medicare Advantage plans with enhanced benefits for 2025, targeting seniors in key markets.