CVS Health Corp.’s Aetna, the third-largest insurer in the U.S., is canceling its contract with mental health startup Cerebral, according to reporting from Forbes. The telehealth provider was previously in-network for a large swath of Aetna members in 45 states. The startup is under investigation for possible violations of the Controlled Substances Act, which spurred Aetna to pull the plug. Aetna currently serves 22,222,764 medical lives, with 14.7% enrolled in commercial risk-based plans.
Source: AIS’s Directory of Health Plans