(Bloomberg) -- Shares of the three biggest publicly tradedhospital companies rose Monday after the government said that about6 million people have signed up for Obamacare, also known as thePatient Protection and Affordable CareAct, coverage for next year on U.S.-run markets.

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It's a good sign after concerns that the industry’s benefit fromthe program was shrinking.

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Tenet Healthcare Corp. gained 8.9 percent to $29.86 at 11:57a.m. in New York, after earlier rising 10 percent in the biggestintraday gain since June 25.

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Community Health Systems Inc. rose 5.6 percent to $26.60.

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HCA Holdings Inc. shares rose 4 percent to $67.05.

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PPACA is in its third year of offering coverage.

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“There was a concern that the benefit from the ACA is not onlyplateauing, but that it could be receding,” Brian Wright, ananalyst with Sterne Agee CRT, said in a telephone interview. “Thisdata point is strongly in contrast to that view. The number ofpeople getting covered is continuing to grow, and that should helphospital results.”

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The data released Friday, along with other information onsigns-ups, indicate that the number of people enrolled for thatdate will be about a third higher than at the same point last year,said Wright. He has a buy rating on Tenet and Community shares.

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The sign-ups are good news for the industry after a worryingsignal earlier this year.

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In October, Community Health said it was seeing more unpaidbills from patients who either didn’t have coverage or weren’t ableto pay for their care. Hospital stocks fell as a result.

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The 6 million figure only includes those who have signed up forcoverage that starts on Jan. 1.

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Others can still sign-up for coverage that starts later.

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It also doesn’t include people whose coverage will beautomatically renewed, or those who signed up in states such as NewYork and California that don’t use the U.S.-run marketplace to buycoverage.

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Thirty-eight states are using the U.S. market this year.

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