Aetna Cuts Projections For Policies It Will Sell In New Marketplaces
Aetna said it expects to sell fewer health insurance policies than initially projected in the health law's online marketplaces, which are slated to open in October. The insurer also said its first-quarter profit slipped 4 percent but raised its 2013 forecast.
The Wall Street Journal: Aetna Earnings: Insurer Raises Outlook
Aetna and its peers are preparing for major changes in 2014, when the health care overhaul law calls for coverage expansion to millions more Americans. [Aetna CEO Mark] Bertolini said Aetna remains cautious about jumping into an emerging marketplace for individual health coverage, and he warned that lower government payments for Medicare Advantage next year will pose a challenge (Kamp, 4/30).
Kaiser Health News: Capsules: Aetna Cuts Predictions For Obamacare Enrollment
In a new sign that implementing the health law could take longer than expected, insurer Aetna said Tuesday it lowered the number of medical policies it expects to sell through online marketplaces that open for business in October (Hancock, 4/30).
The Associated Press/Washington Post: Aetna's 1st-Quarter Profit Slips 4 Percent, Health Insurer Raises 2013 Forecast
Aetna's first-quarter net income fell 4 percent as acquisition-related costs and rising health care expenses more than offset government business gains for the health insurer. But earnings still topped analysts' expectations, the company raised its 2013 forecast and said it expects more growth on top of that once it closes the acquisition of fellow insurer Coventry Health Care (4/30).