Profits were larger due to less use of medical services so bigger profits for imageinsurance companies.  The company is also selling software at retail Best Buy stores. 

Best Buy Setting Up to Hawk Software from Aetna For Consumer Wellness–Companies Still Don’t Get the Consumer Involvement Yet With a Vehicle and Creating Value

In addition the company bought another HMO company in India.  IHO was founded in 2008 by Visham Sikand and Sunando Sen with 2,500 doctors, 800 pharmacies, 300 laboratories and 500 dentists in their network

Aetna International Buys 100% Stake in India Health Maintenance and Care Organization

Also the restrictions from CMS were released this summer for enroll new patients in part D and the Aetna has also pulled out of providing individual policies in Colorado.  With mergers and acquisitions the health insurance is a far cry from what it used to be.  BD 

CMS Lifts Aetna Restrictions on Medicare Part D Enrollment As of July 1, 2011

INDIANAPOLIS — Health insurer Aetna Inc.’s fourth-quarter net income jumped 73 percent, as it continued to benefit from low use of health care and some key expenses fell.

The Hartford, Conn., insurer’s earnings and revenue topped Wall Street expectations due in part to slower-than-expected growth in health care use, a trend that has helped insurers routinely outperform the past several quarters. Many analysts expect this trend to continue into 2012.

Aetna said Wednesday that it earned $372.6 million, or $1.02 per share, in the three months that ended Dec. 31. That’s up from $215.6 million, or 53 cents per share, in the 2010 quarter. Revenue climbed slightly to $8.57 billion.

Earnings excluding capital gains and other items were 97 cents per share.


Post a Comment

Google Analytics Alternative