Maryland Non-Profit Hospitals Net Assets Up 111% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 6 Non-Profit Hospital Organizations headquartered in the State of Maryland 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 6 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
Johns Hopkins Health System	Baltimore	MD	Dec 13	3,689		Jun 09	1,273	190%
University Maryland Medical System	Baltimore	MD	Dec 13	1,542		Jun 09	904	71%
MedStar Health	Columbia	MD	Dec 13	1,325		Jun 09	647	105%
Bon Secours Health System	Baltimore	MD	Feb 14	1,265		Aug 09	703	80%
LifeBridge Health	Baltimore	MD	Dec 13	670		Jun 09	406	65%
Anne Arundel Health	Annapolis	MD	Dec 13	442		Jun 09	301	47%
Total all 6				8,933			4,234	111%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 6 Maryland Non-Profit Hospital Organizations increased by a spectacular 111% to $8.933 bil for their average 4.50 years so far during the Obama Administration, driven mainly by Johns Hopkins Health's massive 190% Net Asset growth.

The lowest percentage growth of the 6 was a robust 47%.

In just the past 6 months, the Total Net Assets increase during the Obama Administration grew substantially from 88% to 111%.

Very positively impacting this phenomenal increase in the Net Assets (Financial Strength) of these 6 Maryland 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 spectacular increase in Net Assets (Financial Strength) of these 6 Maryland 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, and especially the Maryland 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 extremely impressive Net Asset percentage increases of these 6 Maryland Hospitals, a key beneficiary of this will be Maryland citizens electing to buy health insurance on the Health Insurance Exchange.  This very strong Net Asset growth gives these Maryland 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.