|mil $s||mil $s|
|Greenville Hospital System||Greenville||SC||Jun 13||968||Sep 09||802||21%|
|McLeod Health||Florence||SC||Jun 13||864||Sep 09||533||62%|
|Palmetto Health||Columbia||SC||Jun 13||807||Sep 09||593||36%|
|Lexington County Hlth Svcs District||West Columbia||SC||Sep 12||607||Sep 09||454||34%|
|Spartanburg Regional Healthcare System||Spartanburg||SC||Jun 13||551||Sep 09||487||13%|
|Self Regional Healthcare||Greenwood||SC||Jun 13||498||Sep 09||305||63%|
|Total all 6||4,295||3,174||35%|
As you can see from the above chart, the Total Net Assets of these 6 South Carolina Non-Profit Hospital Organizations increased by 35% to $4.295 bil during the Obama Administration.
For the most recent 3.75 years, McLeod Health generated Total Bottom Line Profits of $310 mil, which was a very high 12.5% of its Total Revenues over the same time period. This 12.5% Bottom Line Profit Margin exceeds that of all 30 Dow Industrial companies combined of 9.6% in the most recent year. Is this right? Not even close to being right.
Very positively impacting this major increase in the Net Assets (Financial Strength) of all 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.