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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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