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Health insurer Aetna reports 4th-quarter profit jumps 73 percent, helped by lower medical use
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| Parent(s) |
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| Contributor | RP |
| Last Edited | RP Feb 02, 2012 11:22am |
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| Category | Report |
| Media | Newspaper - Washington Post |
| News Date | Wednesday, February 1, 2012 05:20:00 PM UTC0:0 |
| Description | 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.
Many say a pullback in consumer spending due to the sluggish economy is behind the slower medical use growth. |
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