Aetna Inc. (NYSE: AET) saw AET Share Price drop sharply on Thursday after the company announced it was withdrawing from the Affordable Care Act’s public exchanges in 11 states. The move comes as a blow to the ACA, also known as Obamacare, which has been struggling to gain traction amid rising premiums and insurer exits. Aetna is one of the largest insurers in the country and had been offering plans in 15 states this year.
But it said that it had losses of more than $430 million in 2016 and 2017 on its individual ACA plans. “This is not a decision we made lightly,” Aetna CEO Mark Bertolini said in a statement. “We will continue to evaluate our participation in individual public exchange markets while gaining additional insight from CMS into the risk adjustment program’s methodology.”
The news sent shockwaves through the healthcare industry, with many wondering if other insurers will follow suit. The ACA exchanges are already facing an uncertain future, and this latest development could further destabilize them.
Sterling Energy’s share price is currently trading at $0.20, which is down by -4.76% from its previous close of $0.21. The company has a market capitalization of $145.37 million and approximately 699.59 million shares outstanding. The company’s 52-week high and low are $0.40 and $0.15 respectively.
At the current share price, the company is trading at a PE ratio of 4x its FY19 earnings per share (EPS) of $0.051 and has a dividend yield of 2%.
Aetna Inc. (NYSE: AET) is a publicly traded healthcare company headquartered in Hartford, Connecticut. As of 2018, it is the third largest health insurance company in the United States with nearly 22 million medical members and over $60 billion in revenue. Its share price as of February 2019 was $207.48 per share.
The company offers a variety of health insurance products and services for individuals, families, and businesses including medical, dental, life, disability, and long-term care insurance plans. In addition to its core health insurance business, Aetna also operates a pharmacy benefits management business and an employee assistance program business. The company has been in operation for over 150 years and traces its roots back to 1853 when it was founded as The Aetna Insurance Company.
Aetna Inc. (NYSE: AET) is a publicly traded managed healthcare company. As of July 31, 2017, the company had $60.7 billion in total assets, $15.4 billion in revenue, and $13.2 billion in operating income. The company’s stock trades on the New York Stock Exchange under the ticker symbol “AET.”
To check the current Aetna share price, you can visit the company’s website at http://investors.aetna.com/ or any major financial news website such as Yahoo! Finance or CNBC.
Aet Share Price will be updated on a regular basis.
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The Aet Share Price is a tool that allows users to see how much money they would make if they sold their shares of Aet. The Aet Share Price is updated every few minutes and shows the current price of AET shares on the open market.