Aetna has been named to Fortune’s 2018 World’s Most Admired Companies list. The company was ranked No. 4 in the “Health Care: Insurance and Managed Care” category.
The list is put together based on responses from thousands of survey participants. Fortune notes the companies featured on the World’s Most Admired list “represent the pinnacle of excellence in nine key performance areas, from investment value to social responsibility.”
At the 2017 Fortune Brainstorm HEALTH conference, Aetna Chairman and CEO Mark T. Bertolini talked about the company’s push to focus on a holistic view of health to change how health care is delivered.
“You have to look at what are the drivers of life expectancy,” Bertolini told Alan Murray, president of Fortune and the chief content officer of Time Inc., at the conference. “Only 10 percent of life expectancy is determined by clinical care, 30 percent is due to your genetic code, 20 percent by social determinants, and the remaining 40 percent is determined by your lifestyle.”
Aetna has been recognized as a leader among corporations supporting employees through its Social Compact, which was launched in 2015.
In January 2015, Aetna increased the minimum hourly wage for U.S. employees to $16 per hour. The change created higher wages for about 5,700 employees. An enhanced benefits program was also launched, lowering out-of-pocket health care expenses for thousands of eligible U.S. employees.
Aetna also announced a student loan repayment program in August 2016. Under the program, which began in January 2017, Aetna will make matching loan payment contributions up to $2,000 a year with a lifetime maximum of up to $10,000 for full-time U.S. employees who graduated on or after Dec. 1, 2013. Aetna will match contributions up to $1,000 a year with a lifetime maximum of $5,000 for part-time employees.