Aetana, the nation’s second-largest health insurer, said Wednesday it’s in negotiations with the federal government to cover more than half of a $4.6 billion hospitalization cost for a large number of its ambulances.
In a statement, Aetans spokesman Andrew Hulbert said the hospitalization payments are due over the next five years and the company’s financials are already in place to cover the costs.
Aetna and Cigna are negotiating to provide ambulances at a rate of $6.50 per mile for the first two years of the agreement, then $3.50 for each subsequent year, Hulbert said.
Aetan said it plans to deliver 100 ambulances to hospitals in 2018, up from 90 today.
“The company has a long-standing commitment to provide our customers with the safest, most efficient, and effective care they can afford,” Hulbetts said.
“We have the resources to meet the needs of our customers and are committed to continuing to make progress toward meeting our commitment to the American people.”
Aetans CEO Michael J. Gough said he hopes to see the payments delivered in 2018.