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HARTFORD, Conn. Those risk factors include , but are
not limited to, CMS not awarding Aetna a contract under the new
Medicare prescription drug program and/or under the Medicare Advantage
program.
Separate companies provide employee benefit and third party administration,
preferred provider organization network services, medical and case management,
wellness, and information technology including EDI clearing house, paper to
EDI conversion and PPO repricing.

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(FSI), a
leading provider in healthcare payer software and service solutions, announced
that it has been recognized by Business Insurance Magazine
( http://www. This
integration of medical and prescription drug benefits will allow Aetna
to provide even greater assistance to Medicare members and their
physicians in managing health conditions. Forward-looking information is based on
management's estimates, assumptions and projections, and is subject to
significant uncertainties and other factors, many of which are beyond
Aetna's control. (NYSE: AJG). "AAG and GBA are a great boost to our long-term
strategy of geographic and product expansion."
The Parker Group owns ICON Benefit Administrators, Inc.

Lists consulting firms specializing in life and/or health insurance.

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"In addition to the prescription drug plans, Aetna plans to
significantly expand our Medicare Advantage medical plans in 2006,"
McCauley said.
Aetna plans for all of its existing and new Medicare Advantage
medical plans - HMOs and PPOs - to include the Part D prescription
drug coverage in 2006, so that members will only have to join one plan
to receive the full benefit of the federal government program.9 million dental members, 8. For more
information, please visit www. ("GBA") a national
third-party employee benefits administrator.

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aetna. AAG has a 20-year
history in retiree benefits and Medicare administration as well as business
process outsourcing services for the group insurance and union market sectors.

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com ) as one of the industry's top ten largest
employee benefit information systems. The new plans will provide Medicare beneficiaries an
unprecedented level of support for their prescription drug benefits.

repricing utilization

5 million group insurance members to help them
make better informed decisions about their health care and protect
their finances against health-related risks.

About The Parker Group
The Parker Group is a diverse health care management organization.

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4 million
pharmacy members and 13. For existing and new brokers, this acquisition opens the door to a
wide spectrum of new and exciting opportunities across the country.

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The combined revenues clearly
put us among the top ten employee benefit TPAs in the nation," says Ted Parker,
CEO, The Parker Group.

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Important risk factors could cause actual future
results and other future events to differ materially from those
currently estimated by management. Employers and brokers alike
will reap the benefits of administrative service excellence and an experienced,
stable management team .

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As one of the nation's leading providers of health care, dental,
pharmacy, group life, disability and long-term care benefits, Aetna
puts information and helpful resources to work for its approximately
13. Bryan's company, American
Administrative Group, Inc.

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The company was acquired from a
subsidiary of Arthur J. ("ICON"), a
Lubbock, Texas-based Third Party Administrator with over 70,000 members in
22 states, serving a combination of private employers, governmental entities,
church associations and MEWA's.

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All FACTS products are available in a turnkey or
ASP model.----Aetna (NYSE:
AET) has filed applications with the Centers for Medicare + Medicaid
Services (CMS) to be a nationwide provider of the Medicare Part D
prescription drug plans, and also to participate in the regional
Medicare PPO program that will be available in 2006."
Aetna filed an application to provide the Part D plans to
individuals and employers in all of the regions designated by CMS,
except the territories.

Third-Party Administrator Acquisition Expands Scope and Brings Management
Depth

LUBBOCK, Texas, The Parker Group, a health care
and benefits management holding company, announced today that it has closed on
the acquisition of Gallagher Benefit Administrators , Inc. Gallagher + Co.

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CORAL GABLES, Fla. Lopez, FSI's Vice President, Sales + Marketing."

The FACTS System provides advanced software and hardware solutions for
healthcare payers and employee benefit administrators. Plan bids must be filed by
June 6, 2005, and CMS expects to award contracts by early September.
With the regional PPO filings this week and local HMO and PPO plan
filings that occurred earlier this year, Aetna more than doubles the
number of states in which it plans to offer Medicare Advantage plans,
from 5 today to 13 by 2006.

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Aetna provides easy
access to cost -effective health care through a nationwide network of
more than 655,000 health care professionals , including over 390,000
primary care and specialist doctors and 3,937 hospitals. Gallagher + Co.

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Used by insurance companies, TPAs,
HMOs, MCOs, and self-administered corporations, the FACTS System provides
dynamic flexibility and seamless automation for a large variety of health
plans including:

* Major medical health plans
* PPO plans
* POS plans
* Self-funded plans
* Indemnity plans
* Capitated managed care plans
* Hybrid health plans
* Medicare/Medicaid plan administration
* Supplemental Medicare plans
* Dental managed care plans (DHMO)
* Consumer directed health plans
* Flex spending plans
* Disability plans
* Workers Compensation

About FSI
Since 1981, FSI is a leading provider of fully automated and integrated,
high performance software and hardware solutions for healthcare payers,
specializing in claims processing, employee benefits, risk management, cost
containment and managed care.
Aetna has applied to offer Medicare Part D prescription drug plans
to individuals and employers in every state in 2006.
"We are pleased with the opportunity to be able to offer Medicare
beneficiaries across the country this new prescription drug benefit,"
said Frank McCauley, head of Aetna's Retiree Markets.com.

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businessinsurance. FSI's integrated, best-in-class technologies include systems for
automatic adjudication, HIPAA, EDI, Internet, IVR, and workflow.businessinsurance . Gallagher Benefit
Administrators provides services to over 500,000 covered lives through offices
in Illinois, Texas, Ohio, Mississippi, California, Michigan and Colorado.
"Our acquisition strategy is an effective way to accelerate growth,
improve operations and integrate new services ., an international insurance brokerage and risk
management services firm, is headquartered in Itasca , Illinois, has operations
in eight countries and does business in more than 100 countries around the
world through a network of correspondent brokers and consultants.

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, FACTS Services, Inc.
The November 8, 2004 weekly issue of Business Insurance listed the top ten
leading employee benefit information system vendors ranked by number of
installations in corporate benefit departments.com , or visit http://www. ("AAG") of Fort Worth, Texas.

About Arthur J. Gallagher + Co.

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Aetna Files to Expand Medicare Offerings with New Part D Prescription Drug Benefit and Broader Medicare Advantage Plans

The Aetna plans also will offer employers fully
insured options in providing prescription drug benefits for their
retirees. For more discussion of important risk factors that may
materially affect Aetna, please see the risk factors contained in
Aetna's 2004 Annual Report on Form 10-K, on file with the Securities
and Exchange Commission, which also includes a discussion of Aetna's
historical results of operations and financial condition.
AAG provides administrative services for benefit plans that cover over
80,000 lives.

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7 million medical members, 11.

The Parker Group Acquires Gallagher Benefit Administrators Inc.

"The timing of this acquisition allows us to take advantage of significant
market opportunities as a leading provider of employee benefit administrative
services," said Michael Bryan, President and COO of the combined companies.

pending substantially

FACTS Services Inc. Ranked Top Ten in Recent Survey for Largest Employee Benefits Information Systems Vendor

"This recognition acknowledges our strong presence in this market, and our
long-term viability as a leading employee benefits information systems
vendor," said Jose A.factsservices."
Last month, The Parker Group acquired Mr.

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As a single
source provider servicing the full spectrum of a company's health claims
management needs , FSI also provides integrated hardware options, services,
training and support.

Visit http://www.

This confirms
Aetna's intention, announced in February, to take a leadership
position in this historic new benefit for Medicare beneficiaries in
2006. (Figures as of December 31,
2004)

ADDITIONAL INFORMATION; CAUTIONARY STATEMENT - The information in
this press release relating to Aetna's participation in the new
Medicare Part D prescription drug program and the Medicare Advantage
program is forward looking.

termination insurers

com for more information and access to
entire report issued by Business Insurance.
"Employers will receive the efficiencies and strategic expertise needed to
assist their employees and retirees manage the pressures of rising health care
costs.

pending analytics

The prescription drug plans would be available whether
beneficiaries enroll in an Aetna Medicare Advantage plan or a Medicare
supplement plan, or choose to remain with Original Medicare for their
medical coverage. The local market expansions are pending
CMS approval, while insurers still must submit bids and receive CMS
approval for the regional PPOs. ICON administers Worker's Compensation,
Section 125/Cafeteria plans, and Consumer Driven Health Plans.

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FSI was ranked ninth overall.

For more information on the complete line of FACTS products and services,
please contact the FSI Sales Department at (305) 284-7400,
sales@factsservices.com .

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"We will
continue our commitment to our products and services to position our customers
for success in the markets they serve. Today, the FACTS
System is in operation at some of the leading health insurance and employee
benefit administrators in the industry. "The individual
and group prescription drug plans would be added to Aetna's already
extensive offerings for Medicare beneficiaries. The CMS-approved Part D prescription drug
plans will take effect January 1, 2006.
Arthur J.

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