Iowa Non-Profit Hospitals Net Assets Up 55% 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 Iowa 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 also 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
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.