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Aetna (AET -10.9%) shares plunge at the open after Q1 earnings reveal a lack of surplus money...
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Thursday, April 26, 2012, 9:41 AM ETAetna (AET -10.9%) shares plunge at the open after Q1 earnings reveal a lack of surplus money set aside to cover expected patient claims from earlier periods. “The elephant in the room is the lack of prior-period development,” a Leerink Swann analyst says. “We’ve seen consistently for the entire industry that the medical-cost trend has come in below expectations, and it’s unclear why Aetna would be different.”
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