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From: Julius Wong6/9/2025 7:41:30 PM
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Hospital stocks fall as White House hints open to Medicare cuts

Jun. 09, 2025 1:12 PM ET
By: Jonathan Block, SA News Editor

Hospital stocks including Universal Health Services (NYSE: UHS), Community Health Systems (NYSE: CYH), and HCA Healthcare (NYSE: HCA) are down significantly after National Economic Council Director Kevin Hassett suggested in an interview that the Trump administration could be open to changes to Medicare funding in the budget proposal if fraud and abuse is uncovered.

Speaking on CBS News' "Face the Nation" on Sunday, Hassett said that while Medicare cuts are currently off the table, that could change. "I've seen a massive amount of waste, fraud and abuse in Medicaid, and I've not been briefed on Medicare waste, fraud and abuse. But if [the Senate finds] something then, of course, we would look at it."

Trump's "Big Beautiful Bill" would include significant cuts to Medicaid, though some Republican lawmakers have pushed back on this.

A Kaiser Family Foundation poll released in March found that 43% of people who voted for Trump in 2024 want Medicaid spending to remain about the same, while 22% want to see funding increased.

A recent report in The Capital Forum said that the Medicaid language in the House spending bill "could spur [an] unintended rush of state applications."

Universal Health may also be under additional pressure today following a presentation at the Goldman Sachs Global Healthcare Conference this morning where it said it is engaging in efforts to stabilize labor costs and improve operational efficiency.

In acute care, length of stay is currently 6%-7% above baseline. Also, acute care margins are projected to return to pre-pandemic levels of 16%-16.5% within 18-24 months.
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