Industry News

Aetna builds with Medicare Advantage growth

Aetna has added 250,000 Medicare Advantage members in the first quarter of 2018, in addition to the potential deal with CVS Health. The insurer reported $1.2 billion in net income for Q1 2018, after taking a $381 million loss in the first quarter of 2017.

Shareholders with CVS and Aetna have approved a $69 billion merger, with the companies now facing a Department of Justice review. There is some feeling, including from the American Antitrust Institute, that the deal could hurt patients and limit competition.