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Aetna 3Q profit jumps 53 percent on lower costs
San Francisco Chronicle

Health insurer Aetna Inc. said Wednesday its third-quarter net income jumped 53 percent on lower benefits and expenses.

The Hartford, Conn. company said a series of cost management moves and lower use of health care services gave profit a boost during the quarter. The medical benefit ratio, which measures the percentage of premiums spent on medical costs, fell to 81.8 percent from 85.6 percent.