Managed care company Aetna spent $902,000 on federal lobbying in the second quarter of 2011, trimming its lobbying spending as it focused on bills that shape the healthcare overhaul, according to a Bloomberg Businessweek report.
The $902,000 Aetna spent in the three months ending June 30 represents a 42 percent drop from the $1.6 million spent in the same period last year.
Aetna lobbied on legislation that called for the repeal of healthcare reform's individual mandate, which would require all Americans to be insured. Healthcare reform will eventually give insurance coverage to millions of uninsured Americans, and some payors have said that the plan will not work unless people buy and keep coverage.
Aetna also lobbied against the minimum medical-loss ratio that took effect earlier this year. The ratio requires insurers to spend 80 percent of the premiums they collect on care and quality or to provide rebates to consumers. Aetna lobbied on a bill that would exclude broker compensation from the formula used to calculate medical loss ratios.
Read the Bloomberg Businessweek report on Aetna.
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The $902,000 Aetna spent in the three months ending June 30 represents a 42 percent drop from the $1.6 million spent in the same period last year.
Aetna lobbied on legislation that called for the repeal of healthcare reform's individual mandate, which would require all Americans to be insured. Healthcare reform will eventually give insurance coverage to millions of uninsured Americans, and some payors have said that the plan will not work unless people buy and keep coverage.
Aetna also lobbied against the minimum medical-loss ratio that took effect earlier this year. The ratio requires insurers to spend 80 percent of the premiums they collect on care and quality or to provide rebates to consumers. Aetna lobbied on a bill that would exclude broker compensation from the formula used to calculate medical loss ratios.
Read the Bloomberg Businessweek report on Aetna.
Related Articles on Coding, Billing and Collections:
Surgery Center Coding Guidance: ASC Level for CPT 22523
Few Providers Participate in CMS National 5010 Testing Day
Nebraska Asks for Federal Guidance on Health Insurance Exchange Options