Aetna Posts Higher Profits as Bertolini Refuses Comment on CVS Deal
Chief Executive Officer
"There's been a lot of speculation in the media about
The CEO instead discussed
Analysts see the sale of that business and possible purchase by CVS as leading a shift by
"Looking forward, our business model will be increasingly driven by data and the application of advanced analytics to enhance our understanding of each of our members," Bertolini said.
"We are building what I would call reusable and disposable databases where we can pull data together and do analytics," he said.
Data analytics can help track spending and patient enrollment, how to better approach employers in different markets and detect fraud, Bertolini said.
"It's a pretty big investment and I think we're just scratching the surface," he said.
Revenue of
Reduced losses in its Obamacare business and improved performance across its core commercial business were credited for the quarter's results.
Chief Financial Officer
Bertolini said
"I think our whole view is that the best thing to do when you're going through hell is just to keep going," he said. "Our strategy is not impacted by tax reform."
"Reform on the ACA: We're out," Bertolini said. "So when that gets right and stable we'll look at reconsidering on how we get in."
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