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Aetna sees fourth-quarter earning fall amid suit settlement

2013-01-31 18:05:21 (GMT) (JusticeNewsFlash.com - Justice News Flash)

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01/30/2013 // West Palm Beach , Florida, US // JusticeNewsFlash // Justice News Flash // (press release)

Hartford – Managed health care company Aetna has reported a fourth-quarter earnings decline. As reported by Reuters, the company’s earnings were stated to have fallen amid rising costs and a legal settlement related to payment practices for out-of-network healthcare.

Aetna is one of the several insurance providers expected to be impacted by the 2010 Patient Protection and Affordable Care Act, which implements several changes in the way insurance companies operate. Included in the changes is a requirement that policies include an increase in preventable services at no cost and access to healthcare for every American.

Aetna has stated that it anticipates profit growth for this year. The company reportedly ended with 18.2 million members in the fourth quarter.

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