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Banner|Aetna Adds Scott Nordlund to its Board of Directors

Banner|Aetna Adds Scott Nordlund to its Board of Directors
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Banner|Aetna Long-Term Contract Extension

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PHOENIX, Feb. 3, 2021 /PRNewswire/ Banner|Aetna is pleased to announce an agreement on a long-term extension of our joint venture relationship. Banner Health and Aetna created this joint venture four years ago to improve member experience, reduce costs, and improve health care outcomes. Through continued collaboration, it has grown to approximately 350,000 members and has delivered on our commitments of:
Savings: Since the inception of Banner|Aetna, the Performance network has continued to drive an average cost savings of 8-14% . The Performance network has proven to be a very attractive option and when given a choice of broad or performance network, more than half of local members choose a Performance network based plan. ....

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AM Best Affirms Credit Ratings of CVS Health Corporation's Aetna Subsidiaries

AM Best Affirms Credit Ratings of CVS Health Corporation's Aetna Subsidiaries
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AM Best Affirms Credit Ratings of CVS Health Corporations Aetna Subsidiaries

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AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Aetna Life Insurance Company (ALIC) (Hartford, CT) and the other operating entities of Aetna Inc. (Aetna) that are now wholly owned subsidiaries of CVS Health Corporation (CVS Health) [NYSE: CVS]. These entities include the members of Aetna Health & Life Group. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” Aetna Insurance Company Limited
(AICL) (United Kingdom). The outlook of these Credit Ratings (ratings) is stable. Please see below for a detailed listing of the companies. ....

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