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Heres another company making billions while Americans die while not being able to afford health care.
Membership gains in Medicare and Medicaid bolstered Aetna's third-quarter earnings, despite pressures stemming from its public exchange business. Aetna also stressed Thursday that it remains confident its multibillion-dollar merger with rival insurer Humana will close in 2017.
Hartford, Conn.-based Aetna's third-quarter net income jumped 7.8% to $603.9 million compared with the same period in 2015, and revenue was up by 5.5% year over year, totaling $15.78 billion.
The nation's third-largest insurer grew membership in Medicare and Medicaid by 97,000 members, partially offset by membership losses in its commercial segment.
?The performance on our Medicare business continues to be very strong,? Aetna CEO Mark Bertolini said Thursday during a conference call with analysts.
Aetna's total medical membership grew by 143,000 members in the last three months to 23.1 million members. Medicare Advantage and Medicare supplement membership totaled 2.03 million as of Sept. 30. Medicaid membership grew to 2.4 million members, up 47,000 members over the last three months.
Medicare premium revenue grew by more than 17% year over year, while Medicaid premium revenue jumped 13%, Bertolini said.
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