|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.