|mil $s||mil $s|
|West Virginia United Health System||Fairmont||WV||Jun 13||1,002||Dec 08||608||65%|
|CAMC Health System||Charleston||WV||Jun 13||462||Dec 08||211||119%|
|Total of both||1,464||819||79%|
As you can see from the above chart, the Total Net Assets of these 2 West Virginia Non-Profit Hospital Organizations increased by an exceptional 79% to $1.464 bil during the Obama Administration. West Virginia citizens should feel very proud of these two fine West Virginia Health Care Systems.
For the most recent 4.5 years, Fairmont-based Wes Virginia United Health System generated Total Bottom Line Profits of $280 mil, which was a very reasonable 5.4% of its Total Revenues over the same time period.
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.