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Aetna Raises Earnings Forecast

Wednesday, 14 Dec 2011 05:41 PM

 Aetna Inc., the third-largest U.S. health insurer, raised its current year and 2012 earnings forecasts after a strong October and November, the company said.

Aetna’s 2011 operating earnings will be $5.15 a share, compared with $5 a share estimated last month, the Hartford, Connecticut-based company said Wednesday in a regulatory filing. Operating earnings for 2012 are projected to be $5 a share, compared with $4.80 estimated last month, Aetna said.

The insurer expects 2012 membership will slow in the first quarter as it loses 500,000 contracts with commercial service workers and members from Connecticut’s Medicaid program, the company said. Medicaid is the joint U.S.-state health coverage plan for the poor. Aetna expects to have 17.9 million members on March 31.

“Medical membership is projected to grow over the remainder of 2012, driven by commercial insured and Medicare,” the company said. Medicare is the U.S. health program for the elderly and disabled.

Aetna released the information ahead of a presentation scheduled Thursday for investors in New York.

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Aetna Inc., the third-largest U.S. health insurer, raised its current year and 2012 earnings forecasts after a strong October and November, the company said.Aetna s 2011 operating earnings will be $5.15 a share, compared with $5 a share estimated last month, the Hartford,...
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