|mil $s||mil $s|
|Sanford Health||Fargo & Bismark||ND||Mar 14||1,975||Jun 09||1,242||59%|
|Altru Health System||Grand Forks||ND||Dec 13||201||Dec 09||135||49%|
|St. Alexius Medical Center||Bismark||ND||Dec 13||170||Jun 09||127||34%|
|Total of all 3||2,346||1,504||56%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 3 North Dakota Non-Profit Hospital Organizations increased by a very robust 56% to $2.346 bil during their average 4.42 years so far during the Obama Administration.
Very positively impacting this very solid increase in the Net Assets (Financial Strength) of these 3 North Dakota Hospitals 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 robust increase in Net Assets (Financial Strength) of these 3 North Dakota 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 very solid Net Asset percentage increases of these 3 North Dakota Hospitals, a key beneficiary of this will be North Dakota citizens electing to buy health insurance on the Health Insurance Exchange. This strong Net Asset growth gives these North Dakota 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.