Aetna Profit Grows After Exit From Affordable Care Act
Optimistic about the rest of the year,
However, Chief Executive Officer
In contrast, it was unable to make a go of the Affordable Care Act Exchanges, he said. "It's never been
For the April-June period, net income of
Revenue of
Shares rose about 1.5 percent, to
Credit Suisse analyst
"It's not often that we see EPS beats of the magnitude that
The earnings boost also reflects a larger drop in
Bertolini warned that the unresolved health care debate in
"I would say the largest issue here is uncertainty," he told analysts on a conference call.
Bertolini cited the uncertainty over cost sharing reductions, which are federal payments to insurance companies that reduce the amount paid for deductibles, copayments and coinsurance.
Unknown are "whether or not the [cost sharing reductions] are going to be covered" and if members of
The future of health insurance plans is in doubt, he said.
"You have individuals who are sitting there with coverage not knowing whether they'll have it next year," he said.
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