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Marc Miller

Chief Executive Officer, President & Director, Universal Health

Search every verified Marc Miller interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During the first quarter of 2025, Miller stated that Universal Health Services' operating results exceeded internal expectations, and he noted encouragement regarding the control of operating expenses in both business segments. He discussed strong demand for behavioral health services, measured by industry data and the company's own inbound activity, while acknowledging that physical capacity and labor force availability remain challenges in some markets. Miller also commented on tariff impacts, stating that the company was not receiving feedback on significant pressure, as a good portion of its supplies were insulated from tariff effects at the time. In subsequent quarters, Miller addressed several regulatory and legislative developments. He described the "One Beautiful Bill Act" as including significant changes to Medicaid, and the company estimated a phased reduction in its aggregate net benefit of approximately $360 million to $400 million by 2032, later revised to $420 million to $470 million. Miller also noted an expected adverse pre-tax earnings impact of approximately $75 million related to reductions in health insurance exchanges, with exchange volumes projected to decline by 25% to 30%. Additionally, he cited a negative pre-tax earnings impact of approximately $35 million in the behavioral segment due to new California inpatient psychiatric hospital staffing regulations effective June 2026. Miller discussed the company's expansion of outpatient services under the "Thousand Branches Wellness" brand, with plans to open at least 10 locations in 2026. He also mentioned that the board authorized a $1.5 billion increase to the stock repurchase program.

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