Tenet Healthcare Expects Lower Earnings From ACA

Tenet Healthcare said on a Wednesday investor call that expiration of enhanced Affordable Care Act subsidies will reduce its earnings growth this year by about $250 million, though it expects adjusted earnings before taxes to grow roughly 10% versus 2025 excluding the ACA and some Medicaid supplements. The Dallas-based operator forecast a 20% ACA enrollment decline, guided adjusted EBITDA of $4.49–$4.79 billion, and plans cost, automation and M&A measures.