Aetna 3Q Profit Soars, Issues Strong Forecast

By TOM MURPHYAP Health Writer
(CBS Connecticut and AP) – Aetna trumped third-quarter earnings expectations and raised its 2017 forecast again even as the health insurer’s withdrawal from the Affordable Care Act’s insurance marketplaces contributed to a revenue hit.
The nation’s third-largest insurer countered a 5 percent drop in revenue with cuts to its biggest expense, health care costs, and improvements in its Medicare Advantage business. Overall net income jumped 39 pe