Below here are the US GAAP Bottom Line Net Income, Revenues and Profit Margins of the 30 Companies that were in the Dow Industrials Index for most of the last year:
In comparison to this 9.6% Profit Margin for the Dow Industrials, in my most recent post, I showed that the 41 largest Not-For-Profit Hospital Organizations generated a Total Bottom Line Profit Margin of 9.4%.
Does it make any sense for these Profit Margins to be so close? Absolutely not!
And the 9.4% Profit Margin of the 41 Not-For-Profit Hospital Organizations exceeded that of 12 of the Dow Industrial Companies. And Exxon Mobil's 9.9% Profit Margin just edged that of these Hospitals.
The clear conclusion here is that these Hospitals have been operating on all cylinders financially during Obamacare. And their Hospital Operating Income will be doing even much better when the Uninsured get insurance and the Underinsured get much better insurance in 2014 and beyond when Obamacare totally kicks in.
Hospitals have done a great job so far in substantially reducing the percentage increase in Total US Health Care costs in each of the most recent three years. But with their substantially enhanced Net Asset Positions, or Financial Strength, during the first 4 1/2 years of the Obama Administration, they will be doing an even better job in future years. I think the CBO is substantially overstating both future Total US Health Care Costs as well as the future US Deficits resulting from Health Care.
I'm just saying!