Aetna Health Insurance will double Revenues to $100 billion by 2020 thanks to Obamacare

[ErikJ]

Source: CNBC

CNBC News Alert: Aetna CEO Bertolini says it will double its revenue to $100 billion by 2020. Bertolini thinks that's a conservative estimate. Due to a combination of factors including Medicare Advanatage, Medicare (Medicaid?) expansion, and private exchanges which he thinks will host more than 75 million by 2020. He also doesnt expect Obamacare to go away and that mid-term elections will only result in changes and improvements of Obamacare.




Read more: http://www.theflyonthewall.com/permalinks/entry.php/AETid1933092/AET-Aetna-targets-longterm-operating-revenue-of-more-than-B-by-

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This from Fly on the Wall financial news, the only thing I could find on the internet about Bertolini's statement.
December 12, 2013
09:42 EDT AET Aetna targets long-term operating revenue of more than $100B by 2020
Aetna expects retail marketplaces can be the primary vehicle for insurance, and that retail commercial exchange enrollment could exceed 75M by 2020. Approximately 50% of health care dollars could be paid through value-based payment models by 2020. The company's exposure to the individual business is not expected to change materially in 2014. Aetna said it expected to re-enter a period of normal growth following years of ACA pressures by 2016. It targets operating revenue of more than $100B in 2020, as well as double digit operating EPS growth over time. Comments taken from 2013 Investor Conference.
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It seems the CNBC News Alert had 2 errors. They said on air that Aetna revenues would increase to $100 million and they said Medicare expansion when I believe he probably said or meant Medicaid expansion.