Aetna misses on care costs

Investor's Business Daily

The No. 3 U.S. health insurer's Q4 EPS dipped 3% to 94 cents — 2 cents shy of views due to increased coverage costs. That excludes a $78 mil charge tied to a Dec. class-action settlement. Revenue rose 6% to nearly $9 bil, in line. Aetna (AET) ended '12 with 18.2 mil members, with a net 64,000 joining in Q4. Aetna sees '13 EPS of $5.40, below estimates of $5.53. Shares fell 1.5%.

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