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Aetna Inc.
Aetna Agrees to Stop Future Use of Ingenix Databases; Joins New York Attorney General in Creation of New Independent Database for Consumer Reimbursement
January 30th, 2009
Aetna Inc. (NYSE: AET) announced that it will stop using the Ingenix databases for the purpose of determining “prevailing” or “usual, customary and reasonable” charges when members receive covered care from providers outside a health plan’s network. Aetna will instead help the Attorney General to create a new independent database for this purpose, and will use the new database when it is ready for use. Aetna is contributing $20 million to a nonprofit organization to help create the new database and to help educate members about reimbursement rates. Aetna welcomes the Attorney General’s emphasis on transparency, and is pleased to be a leader in the development of the new...
Source: Health Business Week (2009-01-30)
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