AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/coms2/summary_0286-16137148_ITM" title="Facts and information about UPDATE 1-Aetna profit slips, shares plunge.">UPDATE 1-Aetna profit slips, shares plunge.</a>

Close Set up an RSS feed that alerts you when new articles from The America's Intelligence Wire are available.

Frequently asked questions about RSS feeds

UPDATE 1-Aetna profit slips, shares plunge.

The America's Intelligence Wire

| July 27, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From CBS Marketwatch (Stories))

NEW YORK (MarketWatch) -- Aetna Inc. on Thursday said its second-quarter net income slipped, hurt by increased competition and higher-than-expected claims, and it cut its membership forecast for the year.

Shares tumbled 20% to $31.94 in morning trading, after hitting $31.01, its lowest level in more than 18 months.

The Hartford, Conn., health-care benefits provider said net income for the three-month period ended June 30 fell to $389.5 million, or 67 cents a share, from $394.9 million, or 65 cents a share. On an operating basis, it earned 65 cents a share compared to 57 cents in the year-ago quarter.

Total…

View articles courtesy of your local library

Related articles from newspapers, magazines, journals, and more


PHARMA JAPAN: Drug cost ratio down to 16.8% of medical cost for outpatients in...: News wire article from: Chemical Business Newsbase November 14, 2001 700+ words
...in four years, from Yen 7280 bn in 1995 to Yen 5990 bn in 1998. A table gives data which compares the international drug cost ratio with total medical costs for outpatients. The figures show the cost of ethical and OTC drugs and other medical supplies used...


Aetna profit seen up 20%, medical cost ratio in spotlight.: News wire article from: The America's Intelligence Wire October 19, 2006 700+ words
...the managed care company's medical cost ratio, which also came in higher...also reported a rise in the medical cost ratio a measure of claims costs as...full-year commercial risk medical cost ratio forecast, to 80% from 79...


Humana Announces Second Quarter Results -- Second quarter operating EPS in line...: Press release article from: PR Newswire August 14, 1996 700+ words
...of EFG's lower medical loss ratio. The administrative cost ratio was 15.2 percent compared to 13.4 percent last year, due to the inclusion of EFG's higher administrative cost ratio. Excluding the special charges, net income for the six...


Event Brief of Earnings Follow-up Conference Call - Final.: News wire article from: Fair Disclosure Wire May 1, 2006 700+ words
...view of medical cost trends, medical cost ratio, or MCR, and reserving practices...cost trends. 2. Commericial medical cost ratio or MCR. 3. Reserving practices...managed care industry. 4. Medical Cost Ratio (MCR) 1. 2006 plan calls...


Event Brief of Earnings Follow-up Conference Call - Part 1.: News wire article from: The America's Intelligence Wire May 1, 2006 700+ words
...view of medical cost trends, medical cost ratio, or MCR, and reserving practices...cost trends. 2. Commericial medical cost ratio or MCR. 3. Reserving practices...managed care industry. 4. Medical Cost Ratio (MCR) 1. 2006 plan calls...


Earnings Follow-up Conference Call - Part 1.: News wire article from: The America's Intelligence Wire May 1, 2006 700+ words
...interest we would like to discuss are our view of medical cost trend; commercial medical cost ratio, or MCR; and our reserving practices, including...will discuss the third. First, regarding our medical cost trend, let's review what we have communicated...


Earnings Follow-up Conference Call - Final.: News wire article from: Fair Disclosure Wire May 1, 2006 700+ words
...interest we would like to discuss are our view of medical cost trend; commercial medical cost ratio, or MCR; and our reserving practices, including...will discuss the third. First, regarding our medical cost trend, let's review what we have communicated...


Zacks Issues Buy Recommendations On the Following 4 Stocks: AET, PCLE, ELNK and...: Press release article from: Business Wire November 19, 2002 700+ words
...higher per-member premiums. AET has reduced its medical cost trend and medical cost ratio, increased its net premium yield and improved...taking the steps necessary to further reduce medical cost trends to competitive levels, while offering...


Event Brief of Q3 2005 Aetna Inc. Earnings Conference Call - Part 1.: News wire article from: The America's Intelligence Wire October 2, 2005 700+ words
...business were solid. 5. View commercial risk medical cost trend as stable at 8-8.5%. 1. Will...policy of premium yields in-line with medical cost trends. 2. Contributed to medical cost ratio (MCR) in commercial book of businesses...


Trigon Healthcare Expects to Signficantly Exceed EPS Estimates for First...: Press release article from: Business Wire May 3, 2000 700+ words
...range. Trigon's financial performance also benefited from a lower Selling, General and Administrative cost ratio, stable medical cost trends and strong results in its self-funded business and investment portfolio. "We have nearly achieved...

For more facts and information, see all results

The AccessMyLibrary advertising network includes: