Connecticut Non-Profit Hospitals Net Assets Up 99% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 5 Non-Profit Hospital Organizations headquartered in the State of Connecticut with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date of more than $400 mil each.  Below here are the Net Assets of these 5 at both the most recent reported date and also at the Fiscal Year End (FYE) closest to the beginning of the Obama Administration:

						FYE	Balance	Net
				Most		Balance	Sheet	Assets
			Most	Recent		Sheet	Net	%
			Recent	Balance		Date	Assets	Change
			Balance	Sheet		Beginning	Beginning	During
	City	State	Sheet	Net		Obama	Obama	Obama
Hospital Organization	HQs	HQs	Date	Assets		Admin	Admin	Admin
				mil $s			mil $s
Hartford Healthcare	Hartford	CT	Dec 13	1,668		Sep 09	661	152%
Yale-New Haven Hospital	New Haven	CT	Dec 13	1,061		Sep 09	588	80%
Western Connecticut Health	Danbury	CT	Dec 13	514		Sep 09	266	93%
Greenwich Healthcare Services	Greenwich	CT	Dec 13	411		Sep 09	357	15%
Stamford Health System	Stamford	CT	Dec 13	403		Sep 09	168	140%
Total of all 5				4,057			2,040	99%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 5 Connecticut Non-Profit Hospital Organizations increased by a phenomenal 99% to $4.057 bil for their average 4.25 years during the Obama Administration.

Very positively impacting this very robust increase in the Net Assets (Financial Strength) of these 5 Connecticut 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 very impressive increase in Net Assets (Financial Strength) of these 5 Connecticut 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 5 Connecticut Hospitals, a key beneficiary of this will be Connecticut citizens electing to buy health insurance on the Health Insurance Exchange.  This strong Net Asset growth gives these Connecticut Hospitals the financial flexibility to moderate their pricing for hospital 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.