News Headlines Article

Health-Law Patients Boost Hospital Profits
The Wall Street Journal

 A wave of newly insured patients helped boost hospitals’ earnings in recent months, two hospital operators said Friday, a sign the law’s coverage expansion is leading more patients to seek treatment. Universal Health Services Inc. UHS +3.24% ’s revenue rose 10% for the second quarter compared with a year earlier. LifePoint Hospitals Inc. LPNT +1.24% ’s profit rose to $39.1 million for the quarter, a 44% increase compared with last year’s quarter. Those results arrive on the heels of HCA Holdings Inc. HCA +0.27% ’s announcement of strong earnings last week ahead of its July 29 earnings call.