But the insurer lowered its forecast because of membership declines in commercial policies and losses from its business on the health law marketplaces.
The Wall Street Journal:
Aetna Revenue And Profit Rise
Aetna Inc. said revenue and profit rose in its latest quarter, but the insurer is still struggling with pressure in the Affordable Care Act business, which it will largely exit next year. Revenue grew in Aetna’s government business managing Medicare and Medicaid plans, which was partially offset by membership declines in commercial products. Profit rose on higher fees and other revenue in Aetna’s core health-insurance business and lower general and administrative costs. (Wilde Mathews and Hufford, 10/27)
The Associated Press:
Aetna Tops Street 3Q Expectations, Narrows 2016 Forecast
Aetna’s third-quarter earnings rose nearly 8 percent to top Wall Street forecasts, as growing government business and cost cutting countered higher costs from the health insurer’s Affordable Care Act coverage. But …
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