Aetna Issues Statement on TRICARE Decision

HARTFORD, Conn., May 05, 2010 (BUSINESS WIRE) --Aetna (NYSE: AET) today issued the following statement:

Aetna has been informed by the TRICARE Management Activity (TMA) that it has been disqualified from further consideration for the TRICARE North contract.

"We are extremely disappointed with this decision," said Susan M. Peters, president of Aetna Government Health Plans. "During the procurement process, Aetna took a number of actions to ensure compliance with the Department of Defense requirements. Aetna is guided by a core set of values, central among which is integrity. We believe we acted appropriately throughout the procurement process and that no non-public information was ever used in preparing the bid."

The company is reviewing the basis for the decision and will seek to determine the best path forward.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.1 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com and Aetna's Annual Report at www.aetna.com/2009annualreport.

SOURCE: Aetna

Aetna
Media Contact:
Fred Laberge, 860-273-4788
[email protected]
or
Investor Contact:
Kim A. Keck, 860-273-1327
[email protected]

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