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0.0180722891566265 0.0240963855421688 0.0481927710843374 0.030120481927711 0.0336144578313253 0.0210843373493977 0.0260843373493977 0.0272891566265061
Stock impact report

Alaska Communications and Rural Health Care Clinics Benefit from Increased Rural Health Care Program Funding and Approved 2017 Contracts

Alaska Comm Systems Group, Inc (ALSK) 
Last alaska comm systems group, inc earnings: 11/5 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: alsk.com
Company Research Source: Business Wire
ANCHORAGE, Alaska--(BUSINESS WIRE)-- Uncertainty for Alaska’s rural health care and telecommunications providers has been reduced after the Federal Communications Commission (FCC) increased its Rural Health Care (RHC) program budget from $400 million to $571 million and approved funding of Alaska Communications’ (NASDAQ: ALSK) contracts for funding year (FY) 2017. In a June 25 announcement, the FCC increased the annual cap on program spending by nearly 43 percent, to $571 million, which reversed across-the-board spending cuts for the current funding year imposed under the old cap. The “pro-rata” cuts had created uncertainty and turmoil in the program for patients, health care providers and communications companies. The program’s previous $400 million cap was set in 1997 and never indexed for inflation. The $171 million increase represents what the funding level would be today had the initial cap Show less Read more
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