HCA Healthcare Stock: Impact Of Medicare Advantage Growth And Demographic Shift (NYSE:HCA)

Investment Thesis

The healthcare sector is in the midst of a post-pandemic recovery. COVID increased costs with extra precautions and nursing shortages, and it reduced some profitable procedures as patients avoided hospitals. On a secular basis, an aging population is driving demand. In theespecially now

HCA 1H23 Results

Area

Ratio (As a percentage of total revenue)

Year over Year Change in Revenue Compared to 1H22

Medicare

16.9%

1.6%

Medicare Advantage

16.2%

11.3%

Medicaid

4.7%

24.1%

Managed Medicaid

5.7%

-12.5%

Private Insurer

49.2%

8.1%

Other

7.3%

-4.2%

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