|mil $s||mil $s|
|Providence Health Alaska Region||Anchorage||AK||Dec 13||937||Dec 08||585||60%|
|Greater Fairbanks Community Hospital Foundation||Fairbanks||AK||Dec 13||284||Dec 08||195||46%|
|Fairbanks Memorial Hospital/Denali Center/Tanana Valley Clinic||Fairbanks||AK||Dec 13||54||Dec 08||35||56%|
|Total all 3||1,275||814||57%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 3 Alaska Hospital Organizations increased by a very robust 57% for their average 5.00 years so far during the Obama Administration.
Very positively impacting this very robust increase in the Net Assets (Financial Strength) of these 3 Alaska Hospital Organizations 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 impressive increase in Net Assets (Financial Strength) of these 3 Alaska Non-Profit Hospital Organizations.
A remarkable thing is that these very robust increases in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also playing very instrumental roles in the substantial annual percentage growth reduction of Total US Health Care Costs which occurred in each of the most recent three years under the ACA.
With such impressive Net Asset percentage increases of these 3 Alaska Hospital Organizations, a key beneficiary of this will be Alaska citizens electing to buy health insurance on the Health Insurance Exchange. This strong Net Asset growth gives these Alaska Hospitals the financial flexibility to moderate their pricing for hospital and other health care procedures in their negotiations with health insurance companies which ultimately determines what insurance premium prices are set at by health insurance companies on the Health Insurance Exchange.