WEISS RATINGS

Aetna Health Inc. (N.Y.), Blue Cross Blue Shield of Georgia, Inc., and
Group Hospitalization & Medical Services, Inc. Upgraded by Weiss Ratings
72 Health Insurers Upgraded; 11 Downgraded During Latest Review

PALM BEACH GARDENS, Fla., April 21, 2003 - Aetna Health Inc. (a New York corporation), Blue Cross Blue Shield of Georgia, Inc., and Group Hospitalization & Medical Services, Inc. were among the 72 insurers upgraded by Weiss Ratings during its latest review of 494 HMOs and health insurers. Eleven insurers, including Coventry Health Care of Kansas, Inc., The Health Plan of the Upper Ohio Valley, Inc., and SCAN Health Plan, received downgrades from Weiss, the nation's leading independent provider of ratings and analyses of financial services companies, mutual funds, and stocks.

Aetna Health Inc. (a New York corporation) (Uniondale, N.Y.) was upgraded to B- (Good) from C+ (Fair) based on strong earnings during the past five years, enabling the company to maintain a healthy capital position. Since December 1997, aggregate earnings have totaled more than $268 million with net underwriting income contributing $254.8 million, or 95 percent, to the bottom line. The company's capital, deemed sufficient to cover an unexpected rise in claims, rose to $290.4 million at June 30, 2002 from $167.8 million at December 1997.

Blue Cross Blue Shield of Georgia, Inc. (Atlanta, Ga.) was upgraded to A- (Excellent) from B+ (Good) based on the company's consistent performance over time. Capital increased $121.9 million, or 70.4 percent, to $295 million at June 30, 2002 from $173.1 million at December 31, 2000. Strong profits contributed to the steady rise in capital with earnings of $44 million, $65.5 million, and $59.9 million reported in 2000, 2001, and during the first two quarters of 2002, respectively. The upgrade also reflects the financial strength of affiliates within the Wellpoint Health Networks, Inc. group of companies, of which Blue Cross Blue Shield of Georgia, Inc. is a part.

Group Hospitalization & Medical Services, Inc. (Washington, D.C.) (dba CareFirst BlueCross BlueShield) was upgraded to A- (Excellent) from B+ (Good) due to its ability to maintain a steady level of capital since 1997. Capital rose $126.2 million, or 84.3 percent, to $276.1 million at June 30, 2002 from $149.8 million at December 31, 1997. The company has reported positive net income for more than three years, with earnings of $34.8 million in 1999, $47 million in 2000, $46.2 million in 2001, and $18.7 million during the first six months of 2002. In addition, affiliates within the CareFirst, Inc. group are financially sound, with four of the six rated insurers receiving safety ratings in the "Good" or "Excellent" range.

11 HMOs Receive Weiss Safety Rating Downgrades

SCAN Health Plan (Long Beach, Calif.) was downgraded to E- (Very Weak) from C- (Fair) due to significant deterioration in the company's capital position. At June 30, 2001, capital was $19.9 million. However, the HMO suffered a $26.9 million net loss during the six months ended December 31, 2001, which resulted in a capital deficit of $7.0 million. SCAN Health Plan was required to file a corrective action plan with the California Department of Managed Care and was subsequently fined.

Coventry Health Care of Kansas, Inc. (Wichita, Kan.) was downgraded to D+ (Weak) from C- (Fair) due to a progressive decline in earnings. The company reported losses of $1.8 million in 2000, $7.3 million in 2001, and $5.5 million during the first half of 2002. The downgrade also reflects the weak financial ratings of the company's affiliates within the Coventry Health Care, Inc. group.

The Health Plan of the Upper Ohio Valley, Inc. (St. Clairsville, Ohio) was downgraded to C+ (Fair) from B- (Good) due to declines in profitability arising from an increase in health care expenditures. In 1998, the company spent 92.2 cents on medical costs for every dollar of premium received. In 2001, medical costs were eating away at 95 cents of each dollar. The company's risk-adjusted capital ratio remains strong with sufficient funds to cover an unexpected rise in claims.

Weiss issues safety ratings on more than 15,000 financial institutions, including life and health insurers, HMOs, Blue Cross Blue Shield plans, property and casualty insurers, banks, and brokers. Weiss also rates the risk-adjusted performance of more than 11,000 mutual funds and 7,000 stocks. Weiss Ratings is the only major rating agency that receives no compensation from the companies it rates. Revenues are derived strictly from sales of its products to consumers, businesses, and libraries.

Consumers needing more information on the financial safety of a specific company can purchase a rating and summary analysis for as little as $7.95 through www.WeissRatings.com, or starting at $15 by calling 800-289-9222.


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