Aetna posts profit gain, but medical costs spike
Reuters, April 29, 2009
Health insurer Aetna Inc. reported a slight rise in net income as membership increased, but it cited higher-than-projected medical costs in its commercial business that serves employers. Net income rose to $437.8 million, or 95 cents per share, from $431.6 million, or 85 cents per share, a year earlier. People who are losing their jobs and taking COBRA post-employment insurance are using more medical services than expected, Aetna said. It also said people are using more services, such as getting more tests, when they visit the doctor.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- 3 Traits Personality Assessments Can't Reveal
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- Carondelet to Pay $35M to Settle Fraud Allegations
- CHS Hacked, 4.5M Patient Records Compromised