Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Aetna
Current Parent Company: CVS Health
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $20,000,000
Year: 2009
Date: January 15, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: To resolve a case involving allegations of unfair health insurance reimbursement rates, Aetna agreed to pay $20 million to a qualified nonprofit organization that would establish a new, independent database to help determine fair out-of-network reimbursement rates for consumers throughout the United States.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.