>Big insurer Aetna (AET) fared better as a restructuring plan ended a year of
>operating losses. The first-quarter report blew away Wall Street's consensus
>forecast for three cents a share with pro-forma earnings of 44 cents a
>share, as premiums finally caught up with rising health-care costs. The
>stock surged 12%.
Meanwhile, I just got a notice from the National Writers Union yesterday announcing that the union's contract with Aetna to provide health insurance coverage will probably be renewed, but with a massive premium increase that will probably be beyond the means of many, even most, members. If only those who are about to lose health coverage had known to hedge by going long AET...
Doug