under aetna. the hartford purchased aetna's group life and disability business in late 2017. so this renewal information is now underwritten by the hartford that we're looking at today. but obviously, there has been careful transition as the hartford has looked to integrate the aetna group life insurance business. and that premium guarantee under aetna has continued through 2019 under the hartford. so on page 5, just one thing to note here. again, through your renewal and the plan features will migrate as of january 1, 2020. so even though aetna has acquired the business, the contractual standards have maintained and will maintain through the end of 2019. much of what the hartford has for contractual standards does match or exceed compared to aetna standards or with something like life insurance eligibility, when someone leaves an employer covered by these insurances, they have the ability to, what is called port or basically convert the insurance into individual insurance at a set of specified ra

no, it's not aetna has the first check written from medicare in 1965 from aetna to hartford hospital.create the right public/private partnership, how you finance it is irrelevant. >> vice president biden has talked about a solution where it's just restoring the affordable care act. where are you on that you pulled out of a lot of the exchanges. it didn't seem to work. >> it could have been solved a lot simple lar than what we created. if we would have reduced the age for medicare and means tested that difference between the current age, let's say 55 and 65, and allowed people to buy in, and we had allowed medicaid expansion to occur, we could have done exactly what the aca has done cheaper two systems that work from a financing standpoint and are structured and supported by the industry, right? we are the financial intermediaries for medicare and medicaid. >> this is going to be top of mind for voters going into 2020. what do you think will resonate most whose plan what ideas >> i think what people want to know is it's going to be better. >> cheaper >> and cheaper and so if you look a

aetna,rgest include fidelity investments and price water house coopers.ht now none except for abbott help with retirement savings. however, next year the insurance company travelers plans to roll out ail s program. >> it is a valuable benefit ccause people who are just beginning theireers don't have to make a trade-off between savingoff their debt and for their future. >> reporter: he is taking the $150 heould have put in his 401(k) and addin ito his monthly loan payment. that's translating to big savings. >> initially i had $50,000 in student loan debts. i will pay my loans four years faster and i will save $7,000 in princil loan interest. >> reporter: for "nightly business report", i'm sharon erperson. >>> is another look at the day's final numbers from wall street. the dow rose 249 points. the nasdaq add 64 and the s&p 500 closed at a arecord. >> that is "nightly business report" for tonight. i'm sue herera. thanks for joining us. >> i'm bill griffeth. have a great evening, everybody. see you tomorrow. ♪ ♪ woman: this is "bbc world news america." is ma

new reports this morning that a federal judge could try to knicksnix cbs's deal with aetna. >>> and we continue our special week-long series on the interest rate shock today how the loan rates of corporate america are piling on mountains of debt. what happens when it's time for companies to pay the piper we'll get some answers on this tuesday, june 11th as "worldwide exchange" begins right now ♪ i'm back ♪ >> hi, from wherever you're watching i'm brian sullivan. thank you for joining us on this tuesday. it could be a lucky seven for stocks there's a lot of green on the screen, and we can use i another rainy day in new york. either get another cup of coffee or go back to bed. dow futures are jurnd under 100. the dow on a sex-day win streak. of course, if we keep this up, it could make it a seven-day the bond yields are ticking up higher the benchmark tenure yield at 2.16%. also watch oil oil beginning to creep a little bit higher as well we're up just under a percent. also a big night overseas. not as much in japan the nikkei in japan did rise 3.1% look at the shanghai come possib posit

right now i've got to say with the dow down 28, s&p down three, nasdaq marginally let's talk about the aetnaeal in stock down pretty substantially here reporting to the new york post saying a federal judge could move to block the 69 billion acquisition of aetna affecting the stock year. the judge told the lawyers to cancel their summer vacation plans. i bet that went over well. not to criticize the dj for the lack of monitoring the deal so why does the judge say he's going after this? he says the deal would raise prices and limited choices. he reached out cbs and they said no response, i believe. here we go, so sorry, i was just handed this from cvs we won't be distracted by unfounded rumors and speculation. cbs and and i have been one company since the deal closed in november 2018 and the combined entity is already showing progress toward its goal of transferring the consumer health experience with this from the bs. liz, back to you. liz: that's why are viewers thrown into. latest breaking news. thank you. jerry willis defense with the closing bell ringing in 50 minutes look where united te

procedure, he genfirmed both the valley hospital, in rod, new jersey, and his surgeon, accepted his aetna insurance, which he gets through his employer, a small consulting company. b a few weeks later, after the surgery, i got a bill in the mail. 0. thompson: the surprise bill was for nearly $2, it was from a critical care doctor in the intensive care d unit w not accept lehman's insurance. >> out of nowhere, sy who seu never heard of, i don't remember meetings a bill. why is he not accepting the e surance? why ist of network? >> thompson: lehman says he contacted the hospital and insuranccompany, but they told him there was they nothing they could do to reduce the bill. so he dug into savings to pay it. >> i you're trying to recover. it's major surgery. i mean, i feltike i was hit by a truck. >> thompson: something similar happened to andrew htamann, an acco from hackensack, new jersey, who had health insurance e rough his employer from anthem blue cross-bield. >> there was blood and glass all over this part of the parking lot. >> thompson: two years ago, when he was helping a neighbor m

for the likes of aetna, humana and united health that uncertainty could play out through november 2020warren long-favored a new universal medicare for all program, but d in herate on wednesday night warren broke new ground by m specifying thatnt she would get rid of the entire private health insurance industry. ook at the business model of an insurance company. it is to bring in as many sdollars they can in premiums and to pay out as few dollars as possible for your health care. that leaves families with rising premiums, risin co-pays, and fighting with insurance companies to try t g the health care that their doctors say that their children need. medicare for all solves that proble >> reporter: that draws a clear contrast with biden and other ho favoric moderates building on the current system rather than creating an entirely new one. less disruption also means less risk of alienating voters in a general election against presidt trump. last night senator harris appeared to join warren and bernie sanders out on the political limb raising her hand to signal she would give up theate insu

the largest includes aetna, fidelity investments, and pricewaterhouse coopers. right now none except for abbott help for retirement savings. however, next year the insurance company travelers plans to roll out a similar program. >> it's a valuable benefit because people who are just beginning their careers don't have to make a tradeoff between paying off their debt and saving for their future. >> he's taking the $150 he would have put in his 401(k) and adding it to his monthly loan payment that's translating to big savings. >> initially i had $60,000 in student loan debt. i will pay my loan four years faster, and i will save $7,000 in principle loan interest >> reporter: they're tying that into one perk. many companies that offer student loan help to those who pay off their loans. the employer's payment is taxable income you'll pay taxes on the company's tax contributions. it's not free money, and that' an important detail many need to consider. >> the retirement contributions that abbott offers its employees, are they taxed or tax-free >> they're tax-free. that

to get $500 million as a bonus for putting together a merger between aetna and cvs?at this healthcare system is about, huge profits for the insurance and drug companies. no other country tolerates. that. we shouldn't as well. >> medicare for all is something that helps people remember that you identify as a democratic socialist, you gave an entire speech on this, but that is a point of division between you and many others in the field, including governor hickenlooper who was just sitting here with my colleagues, but who also said this at the california state convention. take a look. >> if we want to beat donald trump and achieve big progressive goals, socialism is not the answer. i was reelected -- >> so how do you respond to governor hickenlooper? you have given an impassioned defense of this, but the republican party will paint you as an extremist and unelectable. >> but all of the ideas that we talk about are ideas that are supported by the majority of the american people. i have helped lead the effort to raise the minimum wage to $15 an hour because i believe --

new reports this morning that a federal judge could try to knicksnix cbs's deal with aetna. >>> and wer special

the doj, success in a case against aetna and anthem. meantime, losing in a case with time warner.t do you think that says about the likelihood of success should investigations be launched? bill: launching a formal investigation doesn't necessarily mean there will be a case brought. there needs to be a factually rich pattern that would warrant antitrust enforcement. the general matter, both antitrust enforcement agencies have had a lot more success than failures in the last five or 10 years. part of that is that they don't bring stupid cases where they don't have facts to support the theory of federal harm. a lot oftion, knowing the talented people at those agencies is that they are not going to jump without a good sense that they have a parachute to land safely on the ground. baer, partner at arnold and porter, formerly worked at both the ftc and doj, thank you. coming up, hours close of interview with ceo of nokia. -- our exclusive interview with the ceo of nokia. what he has to say about 5g. this is bloomberg. ♪ nokia is continuing to push its 5g contract despite delays. our own

said the >> the cost to us is very minima there 5-1 pay back because >> according to the society for aetnadelity and price water >> more and more employers are a benefit for the employees. >> abbott is the only company saving into one perk he is keeping the $150 he would monthl loan payment. >> i had $60,000 of debt and i >> he said reducing his debt empowe right now abbott is the only repaym to an employee's match. the insurance company travelers will s more companies doing studen debt. >> it's great. fascin and a way of keepin talent are there limits to how much of if 2% is going to them -- how do they calculate that? >> they calculate in terms of they are not paying off the that's different compared to the other assistance plans that they want as a workplace benefit. they are paying back your it shows how powerful this perk is >> a lot to weigh now. you ha your salary and other >> great story just a reminder. nbc universal and comcast are >> next on "power lunch. you should be mad at airports. excuse me, where is gate 87? you should be mad at non-seasoned travelers. and they took my too

i'm fine with all of that they bought aetna.ance at this. others insurers will be competing, have to pay up too. so it's a model intended to make cvs money. they lost money last year. i like it, because again, patients can't always get in to see their doctor. i like that information will be gathered at cvss. built up, health hubs but the information better get to me. if it stays there it will influence quality of care in a negative way. stuart: fair point. you're not opposed in other words? >> i'm for it and done carefully and information is integrated. stuart: makes it easy to get to. thank you, dr. siegel. i hope you stay in business. >> i hope so too. stuart: how about nigel farage? he met face-to-face with president trump in london yesterday. i want to know, what did they speak about? will he tell me? i don't know, i will certainly ask him what did you speak to the president about. back with the beatles after this. ♪ see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh,

the new york post is reporting a federal judge, leon, is close to blocking cbs' purchase of aetna becausea because companies think they have a deal and then, poof, a judge can just say no you don't. that's another cause of concern for markets who have been looking -- companies looking to merge. >> markets certainly hate uncertainty. and so headlines like these are definitely not helpful. there's a place for regulation. there's a place for making sure that these companies are looking out in the best interest of their consumers. but any additional uncertainty on the markets that come from these factors or other announced mergers are certainly not going to be helpful. lauren: so much uncertainty out there, but the certainty in quotes that the markets have right now is that the fed cuts rates because we have the markets up on once again. cliff, thanks for joining us this morning. >> thank you. cheryl: that's right. really market watchers kind of watching that weak jobs report from may, does that mean the fed's going to act sooner rather than later. that's kind of the bet going on right now. d

and one that we don't talk about too much but cvs they bought aetna at the beginning of this year, they closed that deal, they're vertically integrating, getting their arms fully around the consumer when it comes to healthcare and they've been knocked down because of all the bernie sanders talk about medicare for all these are companies you can buy today, put them in the closet. i'll be on next week but i don't want this -- >> i won't bring it up next week >> you can but it's meaningless. it's not a one week investment i'm saying let's talk in the fall >> i got you >> no apple? >> apple back to $190. >> bang. >> listen -- >> love that >> i own it, okay, so obviously i like it. you know, i think that one has gotten a little bit ahead of itself >> another one, steph? a little birdie told me that you added to ge. >> i did >> when? >> this week >> okay. >> yeah. >> so that would be one that you say. >> yeah. met with the head of power and that's the big -- >> isn't that the problem spot >> that's the big problem spot >> they sold you so much on power that you bought shares >> i think they'r

recall, closed last fall, approved by the d.o.j., late in november one of the conditions was that aetnaust sell its part d medicare part d business to well care, the consumer groups and the american medical association have to posed the deal saying they still think this is not going to be goods for consumers. the judge hearing it seems inclined to agree with those consumer groups. however, according to the "post," some insiders say some in the company believe he's going to rule against them this would be highly unusual given that the deal has already closed but one of the amicus brief folks who represent consumer groups, david balto, an attorney, says, you know, richard leon also opposed the government when it came to the at&t-time warner deal and he was not reversed in that case. there is closing arguments in these hearings coming up on july 17th people are watching this closely but it would be unprecedented, almost, to see this case reverse after the merger was agreed to >> yeah. bertha, thank you. that's why we wanted to do the story. stock is not reacting all that much but the big p

meaning you put the mona side, or apco, put the mona side and you hire aetna to minister your program. they don't care what they're paying and they're willing to pay 30 or 40% more as long as the person they're lurunderlyin the plan for doesn't care. if you tell them you're at risk for what you spend, they behave differently. the private sector is almost always self-insured and they don't care about the underlying cost. the same thing with drugs, the exact same thing. we have a very distorted system. medicare fee for service and medicare advantage and so does risa and it's scrambled eggs in the last 80 years, and i think we ought to fix it. i think we need to have a well-regulated private insurance market. i've always been in favor of the federal employment plan for everybody. everybody wants an 85% subsidy. that can't work. you have to figure out what level of people, do you want subsidized of 3% of poverty, 4% of poverty? i'd like to have free dental and vision, that would abe grebe a thing. it's ridiculous. it can't be done. you want to be totally public and have the government fix