Wisconsin Non-Profit Hospitals Net Assets Up 58% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 9 Non-Profit Hospital Organizations headquartered in the State of Wisconsin with Net Assets at the most recent date reported of more than $400 mil each.  Below here are the Net Assets of these 9 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
Froedtert Health	Milwaukee	WI	Jun 13	1,341		Jun 09	824	63%
Medical College Wisconsin	Milwaukee	WI	Mar 13	1,213		Jun 09	808	50%
Ministry Health Care	Milwaukee	WI	Jun 13	1,065		Sep 09	730	46%
Aurora Health Care	Milwaukee	WI	Jun 13	1,029		Dec 08	546	88%
Children's Hospital and Health System	Milwaukee	WI	Jun 13	954		Dec 08	460	107%
Wheaton Franciscan Health	Glendale	WI	Jun 13	937		Jun 09	704	33%
University Wisconsin Hosps & Clinics	Madison	WI	Jun 12	775		Jun 09	514	51%
Gundersen Lutheran Health	La Crosse	WI	Jun 13	729		Dec 08	429	70%
ProHealth Care	Waukesha	WI	Jun 13	569		Sep 09	423	35%
Total all 9				8,612			5,438	58%

As you can see from the above chart, the Total Net Assets of these 9 Wisconsin Non-Profit Hospital Organizations increased by a very robust 58% to $8.612 bil during the Obama Administration.

For the most recent four years, Froedtert Health generated Total Bottom Line Profits of $514 mil, which was a high 9.6% of its Total Revenues over the same time period.  This 9.6% Bottom Line Profit Margin precisely matched the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies.

For the most recent 3.75 years, Medical College of Wisconsin generated Total Bottom Line Profits of $311 mil, which was a high 9.1% of its Total Revenues over the same time period.

For the most recent 3.75 years, Ministry Health Care generated Total Bottom Line Profits of $347 mil, which was 6.1% of its Total Revenues over the same time period.

Lastly, for the most recent 4.5 years, Aurora Health Care generated Total Bottom Line Profits of $689 mil, which was a very reasonable 3.8% 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.