- Aetna CVS Health announced an expansion of hybrid-branded insurance in Florida on Thursday.
- The new plans combine Aetna’s insurance coverage with comprehensive healthcare services from CVS Pharmacy and MinuteClinic.
- Initial coverage is limited to 20 Florida counties, but includes some of the state’s largest urban centers such as Jacksonville, Miami and Orlando
Aetna, an insurance provider under the CVS Health business, will offer hybrid Aetna CVS Health branded insurance through the individual insurance exchange marketplace in Florida.
Aetna CVS Health Individual and Family Plans will combine Aetna’s insurance coverage with affordable care options at CVS and MinuteClinic pharmacies across the state.
“With millions of uninsured and underinsured Americans, our plans provide quality, affordable care and the ability to easily access that care using virtual technology and in-person care in their communities” , said Angela Burrafato, MD, Senior Medical Director, Florida, Aetna. “By bridging the gap between people and the support and services they need, we can provide a human-centred approach where, when and how they need us.”
Revamped insurance plans offer comprehensive care across Aetna’s network of primary care physicians, specialists and hospitals, as well as plans that include the network $0 virtual clinic and walk-in care.
Comprehensive care includes pediatric services, including oral and vision care, outpatient patient services, hospitalization, prescription drugs, and rehabilitation and rehabilitation services, among others.
“We understand that everyone has their own unique situation and making healthcare simple, easy and affordable is how we meet them where they are on their journey,” said Rich Weiss, Florida Market President, Etna. “We are ensuring that more Floridians – and Americans – can access Aetna’s quality care. We are uniquely positioned to work with consumers to achieve better outcomes in our local provider networks, as well as MinuteClinic, CVS HealthHUB and CVS Pharmacy locations, and our virtual care options.
Coverage will initially be available in Broward, Charlotte, Clay, Coal, Duval, Hendry, indian river, Lake, Lee, Manatee, Martin, Miami Dade, Orange, Osceola, palm beach, Saint Jean, sarasota, Seminole, and Counties of Saint Lucia.
In 2018, CVS Health bought Aetna for $69 billion, with Aetna selling for $212 per share. The total value of the transaction, including the assumption of Aetna’s debt, was $78 billion.
The deal allowed CVS to transition into a more traditional healthcare provider role, while Aetna was able to expand the reach of its coverage capabilities.
“This is the next step in our journey, positioning the combined company to significantly empower consumers. Together with CVS Health, we will better understand our members’ health goals, guide them through the health care system, and help them achieve their best health,” added Mark T. Bertolini, Chairman and Chief Executive Officer of Aetna at the time of the acquisition. “Aetna has a proud tradition of continuously innovating to meet unmet consumer needs and delivering market-leading products and services.”