Massachusetts Non-Profit Hospitals Net Assets Up 49% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 11 Non-Profit Hospital Organizations headquartered in the State of Massachusetts 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 11 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
Partners Healthcare System	Boston	MA	Dec 13	7,308		Sep 09	4,975	47%
Children's Medical Center & Hospital	Boston	MA	Dec 13	3,614		Sep 09	2,516	44%
CareGroup Healthcare System	Boston	MA	Dec 13	1,601		Sep 09	978	64%
Dana-Farber Cancer Institute	Boston	MA	Dec 13	1,266		Sep 09	836	51%
Boston Medical Center	Boston	MA	Dec 13	1,136		Sep 09	1,026	11%
UMass Memorial HealthCare	Worchester	MA	Dec 13	864		Sep 09	545	59%
Lahey Clinic Medical Center	Burlington	MA	Dec 13	691		Sep 09	357	94%
SouthCoast Health System	New Medford	MA	Dec 13	685		Sep 09	485	41%
Baystate Medical Center	Springfield	MA	Dec 13	661		Sep 09	361	83%
Cape Cod Healthcare	Hyannis	MA	Dec 13	500		Sep 09	288	74%
Covenant Health Systems	Lexington	MA	Dec 13	437		Dec 08	242	81%
Total all 11				18,763			12,609	49%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 Massachusetts Non-Profit Hospital Organizations increased by a very robust 49% to a massive $18.763 bil for their average 4.32 years during the Obama Administration.

The salient story here is that in just the past 6 months, the Total Net Assets increase during the Obama Administration of these 11 Massachusetts Non-Profit Hospital Organizations grew substantially from 28% to 49%.

Very positively impacting this very robust increase in the Net Assets (Financial Strength) of these 11 Massachusetts 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 11 Massachusetts 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, particularly the Massachusetts 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 very solid Net Asset percentage increases of these 11 Massachusetts Hospitals, a key beneficiary of this will be Massachusetts citizens electing to buy health insurance on the Health Insurance Exchange.  This very robust Net Asset growth gives these Massachusetts 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.