HCA Healthcare has affirmed its earlier warnings about Affordable Care Act (ACA) exchange subsidies fallout, telling analysts that patients who dropped off marketplace plan coverage due to increased premiums have “migrated almost one for one” to uninsurance. The country’s largest for-profit brought in $20.23 billion in second-quarter revenue, up 8.7% year-over-year, net income of $1.69 billion, up 2.8%, and adjusted EBITDA of $4.027 billion, up 4.6%, according to financial results it published. In particular, a payer mix shift driven by increased uninsured volumes had an “unfavorable impact” on income of approximately $400 million before income taxes, above its estimates from earlier in the year.
Read the full article: HCA Healthcare’s H1 ACA Volume Dropoffs ‘Almost One for One’ Shifted to Uninsurance //
Source: https://www.fiercehealthcare.com/finance/hca-healthcare-reports-203b-q2-revenue-amid-aca-coverage-disruptions