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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHealth insurer Aetna's 4Q profit jumps 73 percent
http://hosted.ap.org/dynamic/stories/U/US_EARNS_AETNA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-02-01-07-08-10INDIANAPOLIS (AP) -- Health insurer Aetna Inc.'s fourth-quarter net income jumped 73 percent, as it continued to benefit from low use of health care and some key expenses fell.
The Hartford, Conn., insurer's earnings and revenue topped Wall Street expectations due in part to slower-than-expected growth in health care use, a trend that has helped insurers routinely outperform the past several quarters. Many analysts expect this trend to continue into 2012.
Aetna said Wednesday that it earned $372.6 million, or $1.02 per share, in the three months that ended Dec. 31. That's up from $215.6 million, or 53 cents per share, in the 2010 quarter. Revenue climbed slightly to $8.57 billion.
Earnings excluding capital gains and other items were 97 cents per share.
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Health insurer Aetna's 4Q profit jumps 73 percent (Original Post)
xchrom
Feb 2012
OP
marmar
(77,084 posts)1. "some key expenses fell"
Like patient care?
RB TexLa
(17,003 posts)2. They also have more people like me who have a HSA but pay out of pocket for medical to not pull
from the HSA and keep the funds in it growing tax free.
canoeist52
(2,282 posts)3. "slower-than-expected growth in health care use"
Otherwise known as high deductibles and low coverage which disallow the use of said "insurance".
Greybnk48
(10,168 posts)4. They dumped my husband's entire company last January.
About 8,000, mostly families. We now have BCBS.
n2doc
(47,953 posts)5. Exhibit A in why the USA has the most expensive health care system in the world
Next shoe to drop: Aetna CEO gets record bonus....