Risk Factors Update Summary
- The American Rescue Plan Act of 2021 extends health insurance subsidies to 400% of the federal poverty level.
- CMS announced updated enforcement processes with shortened compliance timelines and automatic penalties.
- The percentage of consolidated revenues from UHS increased from 40% in 2022 to 41% in 2023.
- The cost of construction materials and labor significantly increased, impacting cash flow return on investment.
- Transitioning from LIBOR to Adjusted Term SOFR as an alternative benchmark rate in the Credit Agreement.
- The discontinuation of LIBOR and transition to alternative reference rates may impact borrowing costs.
- Rising costs in construction materials and labor may adversely affect cash flow return on investment.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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