Tuesday, October 28, 2014

Aetna sees higher medical cost spending than expected

Shares in Aetna fell 2.2 percent and others insurers including UnitedHealth Group Inc and WellPoint Inc also fell. Aetna said that in the third quarter, it experienced an unexpected rise in its medical cost ratio due to more spending on claims at companies with 50 to 300 employees, the price of new hepatitis C treatments, and the performance of the individual business. Investors have been ...



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