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The chief executive of HCA Holdings Inc on Monday said he expects the Affordable Care Act to drive more growth for the U.S. hospital operator in 2016 as Americans sign up for insurance coverage through exchanges created under the law.
"We are very encouraged by the open enrollment results so far," R. Milton Johnson, CEO of the largest U.S. for-profit hospital chain, said in remarks at the J.P. Morgan Healthcare Conference in San Francisco.
HCA's shares were up about 6 percent at $68.12 in midday trading on the New York Stock Exchange.
About 11.3 million Americans have signed up so far for individual health insurance in 2016 through HealthCare.gov and the state-based exchanges, the U.S. government said last week. Enrollment for these plans, which were created under the health reform law known as Obamacare, closes on Jan. 31.
HCA on Friday raised its outlook for adjusted earnings in 2015, saying it admitted more patients to its hospitals and treated more people in its emergency rooms.
In October, HCA had warned of weaker-than-expected third-quarter results and said it was seeing more patients without insurance, including some who had purchased coverage through the exchanges but then dropped it in the second half of the year.
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
HCA's Johnson on Monday said some attrition in exchange enrollment was to be expected in the second half of the year, after an initial spike higher due to the sign-up period. But he predicted the number of people dropping coverage would likely be relatively small. "We are going to see some seasonality in reform," he said.
Johnson said he expects additional states will opt to expand Medicaid coverage for the poor in future years under health reform, but not in 2016.
He also said HCA is interested in growth through acquisitions, but noted a lack of "willing sellers" in the market.
...for patients, hospitals, and the U.S. economy.
HCA says insurance exchange enrollment encouraging so far
Where will it end?
The chief executive of HCA Holdings Inc on Monday said he expects the Affordable Care Act to drive more growth for the U.S. hospital operator in 2016 as Americans sign up for insurance coverage through exchanges created under the law.
"We are very encouraged by the open enrollment results so far," R. Milton Johnson, CEO of the largest U.S. for-profit hospital chain, said in remarks at the J.P. Morgan Healthcare Conference in San Francisco.
HCA's shares were up about 6 percent at $68.12 in midday trading on the New York Stock Exchange.
About 11.3 million Americans have signed up so far for individual health insurance in 2016 through HealthCare.gov and the state-based exchanges, the U.S. government said last week. Enrollment for these plans, which were created under the health reform law known as Obamacare, closes on Jan. 31.
HCA on Friday raised its outlook for adjusted earnings in 2015, saying it admitted more patients to its hospitals and treated more people in its emergency rooms.
In October, HCA had warned of weaker-than-expected third-quarter results and said it was seeing more patients without insurance, including some who had purchased coverage through the exchanges but then dropped it in the second half of the year.
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
HCA's Johnson on Monday said some attrition in exchange enrollment was to be expected in the second half of the year, after an initial spike higher due to the sign-up period. But he predicted the number of people dropping coverage would likely be relatively small. "We are going to see some seasonality in reform," he said.
Johnson said he expects additional states will opt to expand Medicaid coverage for the poor in future years under health reform, but not in 2016.
He also said HCA is interested in growth through acquisitions, but noted a lack of "willing sellers" in the market.
...for patients, hospitals, and the U.S. economy.
HCA says insurance exchange enrollment encouraging so far
Where will it end?
The chief executive of HCA Holdings Inc on Monday said he expects the Affordable Care Act to drive more growth for the U.S. hospital operator in 2016 as Americans sign up for insurance coverage through exchanges created under the law.
"We are very encouraged by the open enrollment results so far," R. Milton Johnson, CEO of the largest U.S. for-profit hospital chain, said in remarks at the J.P. Morgan Healthcare Conference in San Francisco.
HCA's shares were up about 6 percent at $68.12 in midday trading on the New York Stock Exchange.
About 11.3 million Americans have signed up so far for individual health insurance in 2016 through HealthCare.gov and the state-based exchanges, the U.S. government said last week. Enrollment for these plans, which were created under the health reform law known as Obamacare, closes on Jan. 31.
HCA on Friday raised its outlook for adjusted earnings in 2015, saying it admitted more patients to its hospitals and treated more people in its emergency rooms.
In October, HCA had warned of weaker-than-expected third-quarter results and said it was seeing more patients without insurance, including some who had purchased coverage through the exchanges but then dropped it in the second half of the year.
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
HCA's Johnson on Monday said some attrition in exchange enrollment was to be expected in the second half of the year, after an initial spike higher due to the sign-up period. But he predicted the number of people dropping coverage would likely be relatively small. "We are going to see some seasonality in reform," he said.
Johnson said he expects additional states will opt to expand Medicaid coverage for the poor in future years under health reform, but not in 2016.
He also said HCA is interested in growth through acquisitions, but noted a lack of "willing sellers" in the market.
I don't. I hate corporatism.It's certainly not a failure for the big insurance companies that wrote it and pushed through. They're lovin' it!
Why do you hate capitalism?
I don't. I hate corporatism.It's certainly not a failure for the big insurance companies that wrote it and pushed through. They're lovin' it!
Why do you hate capitalism?
So do I. How do you feel about oil industry subsidies?
I don't. I hate corporatism.It's certainly not a failure for the big insurance companies that wrote it and pushed through. They're lovin' it!
Why do you hate capitalism?
So do I. How do you feel about oil industry subsidies?
I'm opposed to them. Do you know what corporatism is? Are you aware that ACA is a standout example?
I don't. I hate corporatism.It's certainly not a failure for the big insurance companies that wrote it and pushed through. They're lovin' it!
Why do you hate capitalism?
So do I. How do you feel about oil industry subsidies?
I'm opposed to them. Do you know what corporatism is? Are you aware that ACA is a standout example?
I know what corporatism is.
I've also observed that some people's is...selective.
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
If the actual insurers (and not Breitbart) are saying that, they're lying.
The coverage from the insurer is the same regardless of whether you buy it through the exchanges, from Esurance, through your employer, or from a broker.
Will y'all please keep your myths straight?
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
If the actual insurers (and not Breitbart) are saying that, they're lying.
The coverage from the insurer is the same regardless of whether you buy it through the exchanges, from Esurance, through your employer, or from a broker.
Will y'all please keep your myths straight?
UnitedHealth Says It Should Have Avoided Obamacare Longer
Breitbart ?
But you know they are lying.
With no proof.
And that makes my question.....a myth.
U.S. health insurers have said they are losing money on the exchanges because many of their patients are older or have high medical costs. UnitedHealth Group Inc, the largest U.S. health insurer, in November said it is considering exiting the exchanges in 2017 because weak enrollment and high costs were taking too big a toll on its performance.
If the actual insurers (and not Breitbart) are saying that, they're lying.
The coverage from the insurer is the same regardless of whether you buy it through the exchanges, from Esurance, through your employer, or from a broker.
Will y'all please keep your myths straight?
UnitedHealth Says It Should Have Avoided Obamacare Longer
Breitbart ?
But you know they are lying.
With no proof.
And that makes my question.....a myth.
So UHC has mismanaged its portfolio and is doing badly where other insurers, per the OP, are not. If UHC pulls out of the market, that leaves room for other insurers to pick up their market share.
Aren't y'all supposed to support small business entrepreneurship?
