Apple Inc. (AAPL) Finds Its Latest Catalyst in Aetna Inc (AET)

Apple Inc. (AAPL) Finds Its Latest Catalyst in Aetna Inc (AET)
Apple Inc. (AAPL) Finds Its Latest Catalyst in Aetna Inc (AET)
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16 August, 2017

CNBC is reporting that health insurer Aetna has been having secret negotations with Apple to bring free or discounted Apple Watches to millions of covered employees.

A Bloomberg report had reported earlier in this month that the third-generation Apple Watch would be arriving with support for LTE connectivity.

Aetna already teamed up with Apple in the past to provide each of its 50,000 employees with a free Apple Watch as part of the company's wellness program.

The secret meetings took place in Southern California on Thursday and Friday, according to three people connected to the matter. The talks involve executives as well as chief medical information officers from hospitals around the US. It was also reported that Aetna was looking to subsidize the cost of the health-focused smartwatch for its customers, a plan that is apparently moving full speed ahead.

"If you don't have an iPhone today, the Apple watch is probably not going to be in your consideration set", said Jeff Orr of ABI Research.

Flooding and landslides kill more than 30 in Nepal
While rainfall is likely to continue in the next few days, as predicted by the Meteorological Forecasting Division (MFD). More than 30 people were reported dead on Saturday. 34 Indian tourists stranded in Chitwan district have been rescued.

Zidane: Neymar-less Blaugrana not the weakest Barca
Liverpool and other top clubs have been linked with Spanish global and Real Madrid attacker Marco Asensio this summer. It was not too long ago that Isco was considered a luxury player at Real Madrid .

The prime minister wants a postal vote on gay marriage
Lawmakers have introduced more than 20 bills to amend the country's Marriage Act to allow gays and lesbians to marry. The details of Australian government's plan to try and hold a public vote on marriage equality were revealed today.

Apple did not immediately respond to requests for comment and Aetna declined to comment on the record.

Just recently, Apple Watch has become the top-selling wearable tracker by overtaking Fitbit. Fresh details have been shared by KGI Securities analyst Ming-Chi Kuo.

Aetna now reportedly has ambitions to offer it to a wider field - adding large swaths of new health data to pull from and giving the health insurance company insight into the activities of its customers.

On Monday, Apple shares closed up 1.5% at $159.85. Major cellular operators of the US will be providing add-on cellular service to the upcoming LTE-enabled Apple Watch 3.

Kuo didn't give out a specific release date for the new Apple Watch, but previous rumors claim that it might be announced alongside the new iPhones this September.


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