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Grim future seen for Tenet and CHS

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— Photo by Anthony22 at en.wikipedia

Bloomberg News reports:

“President Donald Trump has slammed health insurers for the ‘fortunes’ they’ve made under Obamacare. For hospitals, the law hasn’t delivered the same sort of returns.

“Insurance stocks have almost tripled in value since the health law took full effect in 2013, helped by an expanding economy and growing demand for care for seniors. But those forces haven’t helped hospitals. A Bloomberg index of U.S. hospital stocks is near its lowest level in four years and the prognosis is grim for two of the largest for-profit chains.

“Tenet Healthcare Corp. and Community Health Systems Inc. {CHS},  which run or lease a total of more than 200 hospitals and employ more than 250,000 people around the U.S., have seen their shares plunge almost 40 percent in the past year. Both are mired in debt, with restless shareholders pushing for changes.”

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