Arizona Non-Profit Hospitals Net Assets Up 111% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found three Non-Profit Hospital Organizations headquartered in the State of Arizona with Net Assets at the most recent date reported of more than $400 mil each.  Below here are the Net Assets of these three at both the most recent reported date and at the beginning of the Obama Administration:

						2008	2008	Obama
				Most		or	or	ACA
			Most	Recent		2009	2009	and
			Recent	Balance		FYE	Balance	US Fed
			Balance	Sheet		Balance	Sheet	Bump
	City	State	Sheet	Net		Sheet	Net	%
Hospital Organization	HQs	HQs	Date	Assets		Date	Assets	Change
				mil $s			mil $s
Banner Health	Phoenix	AZ	Jun 13	3,950		Dec 08	1,669	137%
Scottsdale Healthcare	Scottsdale	AZ	Jun 13	689		Sep 09	435	58%
Northern Arizona Healthcare	Flagstaff	AZ	Mar 13	548		Jun 09	354	55%
Total all 3				5,187			2,458	111%

As you can see from the above chart, the Total Net Assets of these three Arizona Non-Profit Hospital Organizations increased by an incredible 111% during the Obama Administration.  Arizona citizens have to be extremely pleased with this outstanding fiscal performance of Arizona's Non-Profit Hospitals.

For the year ended December 2012, the huge Banner Health's Bottom Line Profit was $601 mil, or 12.3% of its Total Revenues.  Not bad for a Non-Profit Organization.

For the most recent 4.5 years, Banner Health generated Total Bottom Line Profits of a massive $2.281 bil, which was a very high 10.8% of its Total Revenues over the same time period.  This 10.8% Bottom Line Profit Margin is much above the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies.

We have all of these so-called Deficit Hawks in the US Congress and they see nothing wrong with shutting down the US Government and also imposing these massive across-the-board sequester cost cuts, both for the sake of Deficit Reduction, and at the same time they also see nothing wrong with so many US Non-Profit Hospital Organization generating Bottom Line Profit Margins far in excess of the country's very best companies in the private sector.  It clearly tells you why the US Congress as a whole now has an approval rating of only 5%. 

Very positively impacting this major increase in the Net Assets (Financial Strength) of these hospitals were actions taken by both the Obama Administration and the US Fed to strengthen the US Financial Foundation which was severely damaged from the financial meltdown in late 2008.

In addition, the Affordable Care Act (ACA) has also played a key role in this increase in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations.

A remarkable thing is that these robust increases in Net Assets of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also able to substantially bend down the Total US Health Care Cost Curve in each of the most recent three years.

With future Non-Profit Hospital Organizations' Hospital Operating Income being bolstered by both many of the Uninsured getting insurance and by the many of the Underinsured getting much better insurance, both under the ACA,  future Net Asset growth of these Non-Profit Hospital Organizations should be very robust.  And for States electing to expand Medicaid, this future Net Asset growth will be exceptionally robust.