The Aetna SettlementIn May of 2003, Aetna U.S. HealthCare agreed to settle a series of lawsuits by executing a Settlement Agreement with 18 medical societies, physician plaintiffs and their attorneys.
Highlights of the agreement included:
- $100 million Settlement Fund for Physicians
- $20 million Foundation
- $310 million estimated costs of "prospective relief"--the costs to Aetna to make business changes required by the Settlement Agreement
- Reform of Aetna's business practices affecting physician practices
- Disclosure and transparency in claims payment and medical review decisions
- Streamlined compliance and appeals processes for resolving disputes
- Formation of a National Advisory Committee of Practicing Physicians, a Billing Dispute External Review Board and Medical Necessity External Review Process
To fulfill the last requirement, an Aetna Physicians Advisory Committee was formed. View the List of Aetna PAC members.
Latest Aetna News
- Effective January 1, 2007, Aetna Will Consider Resubmitted Claims for E&M Visits Appended by a Modifier 57 More details...
Aetna Compliance Information
Major Provisions of the Aetna Settlement Agreement Extended for One Year
The termination date for most provisions of the Aetna settlement agreement have been extended until June 2, 2008. This includes an extension of the changes in business practices made by Section 7 of the agreement. The billing dispute resolution process has not been extended. Please contact the Compliance Dispute Facilitator, Cameron Staples, Esq., (203) 821-2000, if you believe there have been any violations of the agreement.
Download the Memorandum of Understanding, extending the Aetna settlement agreement for a period of one year. Aetna Documents Concerning Notice and Filing of ClaimsAdditional Aetna Settlement InformationAetna Signatory Societies |