(REUTERS News Svc.) - U.S. Hospitals Get Lift From Surge In Medicaid Sign-Ups. U.S. hospitals are getting a stronger-than-expected benefit from a new influx of low-income patients whose bills are paid by the governments Medicaid program, raising their profit forecasts as a result. The growing numbers of Medicaid patients helped hospital operator HCA Holdings Inc, the largest for-profit chain, post stronger earnings in the second quarter than initially forecast. Notably fewer uninsured patients came through its doors, HCA said, as millions of Americans signed up for private health insurance under President Barack Obamas healthcare law. But a second, unexpectedly strong boost came from a surge in Medicaid enrollment, which is expanding under the law known as Obamacare.
Posted on: Sun, 03 Aug 2014 18:16:56 +0000
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