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Aetna Reports 2nd Quarter 2009 Earnings
Aug 12, 2009
Aug 4, 2009, 11:57 a.m. EST
Aetna 28 Percent Profit Drop Signals Storm Clouds for Healthcare
On July 27, 2009, Aetna Inc., one of the largest health insurers in America, announced a 28 percent drop in profit for Q 2 2009.
Mark Bertolini, Aetna's president, attributed the loss to "higher claim intensity, such as services rendered in a higher cost setting and more tests and procedures per visit, resulting in higher costs for emergency room, ambulatory, laboratory and preventive services." "We are taking immediate actions to address these issues," Bertolini added.
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