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Aetna said its individual business had continued to perform in
line with its projections through October 2015 and the company
reaffirmed its full-year 2015 operating earnings forecast of
$7.45 to $7.55 per share.
In October, Aetna had said it was not making money from the
business, which sells government-subsidized plans on exchanges
created under the Affordable Care Act, but had said
profitability could improve next year.
However, UnitedHealth said on Thursday it would evaluate if it
will offer these plans in 2017 as it was unable to sustain
losses from the plans, raising new questions about the long-term
sustainability of the key Obamacare program.
The news had dragged down shares of health insurers and hospital
operators on Thursday. These stocks were untraded premarket on
Friday.
Centene on Thursday also reiterated 2015 profit forecast.
(Reporting by Amrutha Penumudi in Bengaluru; Editing by Savio
D'Souza)
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