HCA Healthcare lowered its annual profit forecast on Tuesday, weighed by an increase in the number of uninsured patients, primarily of those who lost coverage under the so-called "Obamacare" plans.
Shares of HCA fell nearly 10% in premarket trading.
As subsidies under Affordable Care Act or 'Obamacare' plans expire this year, hospitals like HCA face declining patient volumes for elective surgeries and diagnostics, even as costs increase from providing uncompensated care to more uninsured patients.
https://finance.yahoo.com/healthcare/articles/hca-cuts-annual-profit-forecast-123144619.html
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