The one that dominates is Nashville, TN-based giant HCA.
These 4 US Big Hospital and Healthcare Services Corps generated Total Pretax Income of $1.3 bil in the 2Q 2012, which was a very robust 21% increase over the 2Q 2011. This 21% earnings growth in the 2Q 2012 precisely matched the 21% total earnings growth in the 1Q 2012 over the 1Q 2011. And yeah, particularly HCA and DaVita are doing very well under the new Affordable Health Care Plan.
HCA's Pretax Income in the 2Q 2011 below excludes a large Loss on Debt Extinguishment Charge.
DaVita's 2Q 2012 Pretax Income excludes a Large Litigation Charge and its 2Q 2011 Pretax Income excludes a Goodwill Impairment Charge.
Just like the Health Insurance Corps, these Hospitals and Healthcare Service Corps will be receiving huge economic benefits down the road in 2014 when the Affordable Healthcare Act totally kicks in, and their number of patients/customers served increase substantially. Also, these Hospitals and Healthcare Service Corps will benefit in 2014 from lower Bad Debt Expenses.
Below here is the Pretax Income (PTI) of these 4 US Big Hospital and Healthcare Services Corps for the 2Q 2012 and the 2Q 2011.
|2Q 2012||2Q 2011||Amount||%|
|mils $s||mils $s||mils $s|
|Hospitals and Health Services|
|Universal Health Services||184||182||2||1%|
|Community Health System||152||138||14||10%|
|Total all 4||1,301||1,073||228||21%|