Shares of Tenet Healthcare Corp. rose to their highest point in nearly seven years Friday on hopes that the hospital operator will benefit from coverage expansions under the health care overhaul.
THE SPARK: Tenet's CEO Trevor Fetter said at J.P. Morgan's annual health care conference in San Francisco Thursday that his company's exposure to large populations of uninsured people in markets like Texas and Florida will be reduced in 2014.
That year, the overhaul expands the state-federal Medicaid program to cover more people, and it will provide income-based tax credits to help many people who don't qualify for Medicaid pay for coverage.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
