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Health insurers Aetna, WellPoint, bulk up executive pay to keep, attract their CEOs

Health insurers enjoyed a boom year in 2013, with soaring earnings and stock prices, and some of the biggest companies shelled out millions of dollars to either keep or attract their leaders.

Big deal helps insurer Aetna's 4th-quarter profit soar 94 pct; result misses expectations

Aetna Inc.'s fourth-quarter profit nearly doubled, thanks in part to a $6.9 billion acquisition, but the nation's third largest health insurer missed Wall Street's earnings expectations. The Hartford, Conn., company also reaffirmed a 2014 forecast for earnings that could fall below analyst predictions. Its shares were little changed in premarket trading Thursday.

CGI Group profit surges despite loss of Obamacare deal

TORONTO (Reuters) - Canadian software company CGI Group Inc posted solid profit growth on the back of broad U.S. healthcare business strength on Wednesday, despite losing the contract to manage the U.S. healthcare enrollment website it helped build. The site was plagued by error messages and slow speeds for weeks after launch, creating a political headache for the White House. While the lost value of the deal barely dents CGI's quarterly sales, analysts worry about the potential hit the high-profile troubles will have on its reputation.

Obamacare contractor CGI profit misses, shares slide

By Alastair Sharp TORONTO (Reuters) - Canadian computer services provider CGI Group Inc, the contractor behind the troubled Obamacare enrollment website, reported weaker-than-expected quarterly results on Wednesday, sending its shares to a four-month low. The Montreal-based company said revenue and bookings - an indicator of future sales - were both strong in its first quarter despite losing the contract to manage the U.S. federal healthcare enrollment website it helped build.

Aetna says private Medicare sign-ups better than expected

(Reuters) - Aetna Inc said on Tuesday that based on sign-ups for private Medicare, its first-quarter membership for these health plans for seniors would be "meaningfully better" than previously projected. The company, the nation's third-largest insurer, said it now expects full year 2014 operating revenue of at least $54 billion compared with its previous projection of about $53 billion.

Aetna will not reinstate individual insurance plans: CEO

By Caroline Humer NEW YORK (Reuters) - Aetna Inc has decided not to reinstate or extend individual health insurance plans that are being canceled with the advent of the U.S. Affordable Care Act because the time frame is too short. Aetna is the largest insurer yet to announce a decision on how it would proceed across the United States after President Barack Obama said last month that insurers could extend these health plans under a temporary transitional policy.

Aetna pulls out of another Obamacare health exchange

By Caroline Humer (Reuters) - Aetna Inc has decided not to sell insurance on New York's individual health insurance exchange, which is being created under President Barack Obama's healthcare reform law, the fifth state where it has reversed course in recent weeks. The third-largest U.S. health insurer has said it is seeking to limit its exposure to the risks of providing health plans to America's uninsured, but did not give details about its decision to pull out of specific markets.

Aetna to become member of Swiss Life network

(Reuters) - Health insurer Aetna Inc <AET.N> on Thursday said a planned partnership with Swiss Life Holding AG <SLHN.VX> will enable Aetna to offer its international and domestic healthcare benefits to Swiss Life's multinational customers. The deal, which takes effect September 1, will make Aetna a U.S. partner for Swiss Life's network, which includes 60 other insurers that operate in 70 countries, Aetna said in a release.

Aetna's 1st-quarter profit slips 4 per cent, health insurer raises 2013 forecast

Aetna's first-quarter net income fell 4 per cent as acquisition-related costs and rising health care expenses more than offset government business gains for the health insurer. But earnings still topped analysts' expectations, the company raised its 2013 forecast and said it expects more growth on top of that once it closes the acquisition of fellow insurer Coventry Health Care. Shares of the Hartford, Conn., company reached their highest price in more than five years in Tuesday morning trading after the company announced results.
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