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Violation Tracker Individual Record

Company: Aetna Inc.
Current Parent Company: CVS Health
Penalty: $22,500,000
Year: 2004
Date: December 10, 2004
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Aetna agreed to increase physician reimbursements by about $22 million in the Cincinnati/Northern Kentucky area over several years to settle litigation alleging it was part of a conspiracy among health insurers to keep reimbursement rates artificially low.
Level of Government: federal
Action Type: private litigation
Court: Boone County (KY) Circuit Court and Hamilton County (OH) Court of Common Pleas
Civil or Criminal Case: civil
Case ID: 02-C1-903; A0204947
Case Name: Academy of Medicine of Cincinnati et al. v. Aetna Health Inc. et al.
Private Lawsuit Resolution Type: settlement
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
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
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.