|mil $s||mil $s|
|UnityPoint Health||Des Moines||IA||Jun 13||2,071||Dec 08||1,067||94%|
|University Iowa Hospitals & Clinics||Iowa City||IA||Jun 12||1,162||Jun 09||969||20%|
|Genesis Health System||Davenport||IA||Jun 13||523||Jun 09||387||35%|
|Total all 3||3,756||2,423||55%|
As you can see from the above chart, the Total Net Assets of these 3 Iowa Non-Profit Hospital Organizations increased by a very robust 55% to $3.756 bil during the Obama Administration.
The very well run UnityPoint Health, previously called Iowa Health System, generated a $45 mil Bottom Line Loss in annual 2008, caused by an $85 mil Non-Operating Investment Loss due to the late 2008 financial meltdown.
So what has happened since? Well, for the 4.5 years since, from the beginning of 2009 to June 30, 2013, UnityPoint Health generated a Total Bottom Line Profit of $842 mil. Its Total Non-Operating Investment Income over that 4.5 years was $454 mil, a monstrous 54% of its Total Bottom Line Profits. These spectacular Investment Returns were due to low interest rates and an extremely robust stock market.
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 even substantially more robust, especially for States choosing to expand Medicaid.