May 2 U.S. health insurer Aetna Inc
reported a first-quarter loss on Tuesday, compared with a
year-ago profit, primarily due to costs associated with the
termination of the Humana merger agreement.
The No. 3 U.S. health insurer said its net loss was $381
million, or $1.11 per share, in the first quarter ended March
31, compared with a profit of $737 million, or $2.08 per share,
a year earlier.
Aetna, which walked away from its $34 billion deal for
Humana Inc after it was blocked, said total revenue fell
to $15.17 billion from $15.69 billion.
President Donald Trump and Republican lawmakers have vowed
to overhaul the Affordable Care Act, popularly known as
Obamacare, but have not agreed on how to do that, making it
difficult for insurers to plan for next year.
(Reporting by Ankur Banerjee in Bengaluru; Editing by Shounak