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Universal Health Services CEO Alan Miller weighs in on the health-care law's impact on hospitals.
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You very much where the stock alert for your right now looks like -- A president Obama's health care -- -- here this day whether or not it is upheld by the Supreme Court UnitedHealth for.
The largest US insurer by market -- uses -- we'll continue to allow people.
Up to 246 years old to stay on their parents' health care plans UnitedHealth also sent -- gonna continue to offer some preventative services without requiring.
Any additional co payments so how will United Healthcare decision and the upcoming Supreme Court ruling on the health care law impact hospitals.
We're joined now by Alan Miller founder -- CEO of Universal Health Services one of the nation's largest health care management.
Company I do wanna get your reaction to this announcement by united re expecting -- now.
Com I'm a lot of the insurance companies have talked about the fact.
That keeping youngsters on their parents' policies a good idea.
And it was supposed to be a couple of million people I understand it's up to six million now because of the unemployment.
But a number of insurance companies -- vindicated that it's a good idea I was gonna keep it.
And they don't expect that it would be that coarsely.
To have it and they've also raise premiums a little bit.
Is this a good thing then for -- the hospital chains that we -- hospital team.
You know we think anything that expands coverage is good cut a more people have coverage they pay their bills.
They go to the hospital -- any treatment it's a good thing.
OK you've got about 40000 employees right now you just made another addition to the network by buying up -- psychiatric.
Facilities are you looking to grow expanded -- and actually higher at the business.
-- we have more employees than you think you think we're up over sixty.
And we hope we just.
Announced an acquisition of -- hospital so we are acquiring.
The hospital -- we're hiring people.
A -- using growth in this industry because one of the things that you're doing to your competitors are not -- going into that psychiatric side of that.
Business a substance abuse businesses.
We're not.
Primarily -- substance abuse you're primarily an acute psychiatric.
Because there there's growth there.
Look there's a lot of problems -- mental health in the United States we understand 25% of the people that need treatment are not getting treatment and so we're there we're good at it.
-- we have an extraordinarily.
Capable group of people and -- we're happy to treat all these people need help.
The -- until you mentioned obviously that was more than a 500 million dollar cash deal limited data on the books that -- I do wanna ask you about the stock to the right now investors are misunderstanding.
The story of your company do you find that because you've been under pressure when -- your competitors have not what are they missing.
On.
Don't think they're I think we're doing fine I think that calm people understand the company.
We I think Citicorp today came out -- -- buy recommendation.
We don't focus on that we focus on taking care patients and that we'll take care of itself.
OK well -- before I let you go what do you expecting to hear from the Supreme Court.
It would be foolish to speculate.
I've heard both sides.
And the some think that it will be struck down some think that it will not.
Some think there will be -- ability.
So I can wait two weeks and we'll we'll have the real him I'm curious to see direct -- LSI's good to have you on the -- I think -- -- -- -- --
