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Health care reform costs, investments nick Aetna profit
Business Insurance

Increased investment spending and health care reform costs reduced Aetna Inc.’s fourth-quarter profits by more than one-third in 2014 compared to prior-year results, even as the company’s total revenue grew by 12.1%.

The Hartford, Connecticut-based health insurer recorded $232.0 million in net income for the three months ending Dec. 31, down 37.1% from the fourth quarter of 2013.