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Company: Aetna Life Insurance Co. and Aetna Health Insurance Co.
Current Parent Company:
CVS Health
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $3,000,000
Year: 2015
Date: May 15, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Aetna agreed to pay $4.5 million ($1.5 million suspended) in settlement of allegations it failed to follow state regulations and previous settlements concerning health insurance provisions for abortion procedures and autism treatment.
Level of Government: state
Action Type: agency action
Agency: Missouri Department of Insurance
Civil or Criminal Case: civil
Facility State: Missouri
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:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.