NU Online News Service, July 30, 2003, 5:21 p.m. EDT – Aetna Inc., Hartford, says moderation in pharmacy and medical cost increases and solid sales are helping it overcome the weakness of the U.S. economy.
The managed care company is reporting $138 million in net income for the quarter on $4.5 billion in revenue, compared with $108 million in net income on $5.1 billion in revenue for the second quarter of 2002.
The company ended the quarter providing or administering medical insurance for 13 million people, down from 14 million people a year earlier. But enrollment in indemnity plans, preferred provider plans and point-of-service plans was higher than it was at the end of the first quarter.
