---
title: "BUZZ-HCA update less severe than feared for Obamacare health insurers, J.P. Morgan says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292649622.md"
datetime: "2026-07-14T15:27:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292649622.md)
  - [en](https://longbridge.com/en/news/292649622.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292649622.md)
---

# BUZZ-HCA update less severe than feared for Obamacare health insurers, J.P. Morgan says

J.P. Morgan says hospital operator HCA Healthcare’s (HCA.N) preliminary Q2 results point to a less severe hit than feared for insurers offering Affordable Care Act, or Obamacare, plans

Brokerage says a key concern entering 2026 was that healthier, lower-cost members would be more likely to leave ACA plans, raising costs for insurers

HCA said it treated more uninsured patients who had lost ACA coverage, which the brokerage says “suggests a more muted shift in acuity,” meaning costs for remaining ACA members may rise less than feared

Brokerage says Centene (CNC.N) has the largest ACA enrollment, followed by Molina Healthcare (MOH.N) , Elevance Health (ELV.N) and UnitedHealth (UNH.N)

Also says early 2026 results for insurers appear “better-than-feared,” with some plans “losing less or making more” than expected

Says HCA’s decline in inpatient and outpatient surgeries could point to lower medical costs for insurers; expects Q2 results to provide more clarity on enrollment, medical use and expected payments

### Related Stocks

- [HCA.US](https://longbridge.com/en/quote/HCA.US.md)
- [JPM.US](https://longbridge.com/en/quote/JPM.US.md)
- [CNC.US](https://longbridge.com/en/quote/CNC.US.md)
- [MOH.US](https://longbridge.com/en/quote/MOH.US.md)
- [ELV.US](https://longbridge.com/en/quote/ELV.US.md)
- [UNH.US](https://longbridge.com/en/quote/UNH.US.md)
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- [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md)
- [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md)
- [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md)
- [8634.JP](https://longbridge.com/en/quote/8634.JP.md)
- [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md)
- [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md)

## Related News & Research

- [HCA Healthcare Q2 revenue rises on Medicaid programs; narrows outlook](https://longbridge.com/en/news/293751579.md)
- [HCA Healthcare Posts Solid Q2 2026 Results, Trims Outlook](https://longbridge.com/en/news/293756146.md)
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