Thursday, October 10, 2013

Washington DC Non-Profit Hospitals Net Assets Up 72% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found two Non-Profit Hospital Organizations headquartered in Washington DC with Net Assets at the most recent date reported of more than $400 mil each.  Below here are the Net Assets of these two 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









Sibley Memorial Hospital Washington DC DC  Jun 13         846
Dec 08        513 65%
Children's National Medical Center Washington DC DC Mar 13        789
Jun 09        439 80%









Total of both


     1,635

       952 72%


As you can see from the above chart, the Total Net Assets of these two Washington DC Non-Profit Hospital Organizations increased by a very robust 72% during the Obama Administration.

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.