NU Online News Service, Oct. 30, 2003, 5:47 p.m. EST – Aetna Inc., Hartford, says efforts to cut operating expenses and hold down medical costs helped it double its third quarter net income.
The company is reporting $216 million in net income for the latest quarter on $4.5 billion in revenue, compared with $99 million in net income on $4.8 billion in revenue for the third quarter of 2002.
The company ended the quarter providing or administering medical coverage for 13 million people, down from 14 million people a year earlier.