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Universal Health Services CEO Alan Miller Goes Over The Medical Care Slowdown (UHS)

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Earnings Scheduled For February 27, 2014
UPDATE: Citigroup Reiterates on Universal Health Services on Good Market Position

People are visiting doctors and hospitals less.

Chairman and CEO Alan Miller of Universal Health Services (NYSE: UHS) appeared on CNBC's Squawk Box on Friday to talk about the industry, including the slowdown in medical care utilization.

"A lot of it has to do with the economy. A lot of people are not working, and a lot of people that are working are concerned about leaving their jobs to go into the hospital, and there's also a lot of copay," said Miller.

"So, I think in a combination of all of those has been dampening a little bit on the utilization."

He said that much of what is put off is elective, and he's expecting an industry increase when the economy picks up. Miller noted that Universal Health Services has still done "very well," while the company's peers have had mixed results.

Related: Short Interest in Pharmacyclics Plunges

The company has been paying close attention to the transition in the industry through reform and the not-so-great economy, Miller said. He noted that ultimately health care reform is coming, and will be well-moderated while being implemented a piece at a time.

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