|mils $s||mils $s||mils $s|
|Maine Non-Profit Hospital Organizations|
|Eastern Maine Healthcare||Brewer||Sep 2013||66||60||6||10%|
|MaineGeneral Health||Gardiner||Jun 2013||16||(2)||18||900%|
|Total of both||82||58||24||41%|
Yeah, these 2 Maine Non-Profit Hospital Organizations generated Total Bottom Line Profits of $82 mil in the most recent fiscal year, which was a $24 mil increase, or a robust 41% increase, over the previous fiscal year.
But there's more to this earnings story.
When the Insurance Exchanges kick in starting in 2014, these Maine Non-Profit Hospital Organizations should see their profits increase.
Under the Affordable Care Act (ACA), Hospital Organizations' both future Hospital Operating Income and future Bottom Line Income will be bolstered due to many of the Uninsured getting insurance and also due to the many of the Underinsured getting much better insurance. And if Maine changed its present course and elected to Expand Medicaid, the profits of all Maine Hospitals would be substantially increased by reducing the huge earnings charges related to both Bad Debts and Charity Care.