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HCA says insurance exchange enrollment encouraging so far

The chief executive of HCA Holdings Inc on Monday said he expects the Affordable Care Act to drive more growth for the U.S. hospital operator in 2016 as Americans sign up for insurance coverage through exchanges created under the law.

“We are very encouraged by the open enrollment results so far,” R. Milton Johnson, CEO of the largest U.S. for-profit hospital chain, said in remarks at the J.P. Morgan Healthcare Conference in San Francisco.

HCA’s shares were up about 6 percent at $68.12 in midday trading on the New York Stock Exchange.