The Nashville-based hospital chain is the nation’s largest and it has benefited from the Affordable Care Act in recent years–namely, by the increased number of insured patients seeking healthcare. HCA’s revenues jumped 8.7% and profits 13.5% in 2015, due to increased admissions–ER visits climbed 8% across the enterprise–as well as increased revenue per admission. Executives have warned the Obamacare boost won’t last much longer. Also worrying to investors: the creeping cost of labor and the rise in uninsured patient visits.
News about HCA Holdings
The Graham Cassidy bill appears dead, but the stock market has found new life.
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A wave of retirement coinciding with growth in demand is shaking up the market
Portfolio managers say they see the broad outlines of the Affordable Care Act remaining intact.
But other funds lost tens of millions of dollars in a day.