December 9, 2007

Aetna may reduce Michigan business

Freep:
"The nation's third-largest health insurer, which has invested $400 million to expand its business in Michigan in the past two years, plans to significantly scale back if rate-altering legislation promoted by Blue Cross Blue Shield of Michigan becomes law.

Mark Bertolini, executive vice president and head of business operations of Aetna, said Wednesday the legislation would force the company and others to reduce Michigan operations, resulting in fewer choices for consumers and, eventually, higher costs for health insurance."

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