Membership gains in Medicare and Medicaid bolstered Aetna’s thirdquarter earnings, despite pressures from its business in the Affordable Care Act exchanges.
Aetna also said it’s still confident its acquisition of Humana will close in 2017. Hartford, Conn.-based Aetna’s third-quarter net income rose 7.8% to $603.9 million compared with the same period in 2015. Aetna said it expects to lose $350 million this year on individual plans, validating its decision to pull out of most of the marketplaces. Molina Healthcare likewise reported worse-than-expected results from the exchanges in the third quarter and saw improvements in its Medicaid plans.