Health Care

Aetna Scraps Obamacare Business Expansion Plans

Aetna said it intended to withdraw plans to expand its Obamacare business next year, and the U.S. health insurer announced the sale of some Medicare Advantage assets to get antitrust nod for its takeover of Humana.

Pfizer's 2Q Profit Tops Expectations

Pfizer reported better-than-expected quarterly revenue and profit, driven by sales of newer drugs and the acquisition of hospital products company Hospira.

Theranos CEO: We're Working to Address Problems

The chief executive of the embattled blood testing company said the privately held firm is working diligently to rectify all of its outstanding issues involving its product and laboratory operations.

Florida Cases Seen as First Sign Zika Transmitted Locally in U.S.

Florida authorities on Friday reported what is believed to be the first evidence of local Zika transmission in the continental United States, concluding that mosquitoes likely infected four people with the virus that can cause rare but serious birth defects.

Cigna's Profit Misses Estimates as Medical Costs Rise

Health insurer Cigna reported a lower-than-expected quarterly profit on Friday due to a rise in medical costs in its business that sells plans under the Affordable Care Act and a loss in its disability, life and accident insurance division.